Lease Renewal Addendum Template for Canada

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Key Requirements PROMPT example:

Lease Renewal Addendum

"I need a Lease Renewal Addendum for my commercial office space in Toronto, extending the current lease for 3 years starting March 1, 2025, with a 5% annual rent increase and updated insurance requirements."

Document background
The Lease Renewal Addendum is a crucial document in Canadian property law, used when parties wish to extend an existing lease agreement beyond its original term. It serves as a formal amendment to the original lease, documenting the new period of tenancy and any changes to the existing terms. This document is particularly important in Canadian jurisdictions where specific provincial regulations govern rent increases and lease modifications. The addendum typically includes updated rent amounts, the new lease term, and any modifications to the original agreement while confirming that all other original terms remain in effect. It's commonly used in both residential and commercial contexts, requiring careful attention to provincial landlord-tenant legislation and rent control guidelines. The document ensures legal compliance while providing clarity and certainty for all parties involved in the lease extension.
Suggested Sections

1. Parties: Identification of landlord and tenant(s) with their full legal names and addresses

2. Background: Reference to the original lease agreement, including its execution date and property address

3. Definitions: Key terms used in the addendum, including reference to defined terms in the original lease

4. Term of Renewal: Specific start and end dates of the renewal period

5. Rent: Updated rental amount and payment terms for the renewal period

6. Confirmation of Original Terms: Statement confirming that all other terms of the original lease remain in full force and effect

7. Execution: Signature block for all parties, including date of signing

8. Notice: Contact information and addresses for official notices during the renewal period

Optional Sections

1. Modified Terms: Used when any terms from the original lease are being modified beyond just the term and rent

2. New Terms: Used when adding new provisions that weren't in the original lease

3. Rent Increase Schedule: Used when implementing stepped rent increases during the renewal term

4. Maintenance Updates: Used when modifying maintenance responsibilities or introducing new maintenance requirements

5. Property Improvements: Used when documenting agreed-upon improvements or renovations to be completed during the renewal term

6. Special Conditions: Used when there are specific conditions or requirements for the renewal period

7. Insurance Requirements: Used when updating or modifying insurance requirements

8. Security Deposit Update: Used when modifying security deposit terms or amounts

Suggested Schedules

1. Schedule A - Rent Payment Schedule: Detailed breakdown of rent payments, especially if there are stepped increases

2. Schedule B - Modified Terms Summary: Comprehensive list of all terms being modified from the original lease

3. Schedule C - Property Condition Report: Updated condition report if required for the renewal

4. Schedule D - Maintenance Schedule: Updated maintenance and repair responsibilities if modified

5. Appendix 1 - Original Lease: Copy of the original lease agreement for reference

6. Appendix 2 - Property Inspection Report: Current inspection report if required for renewal

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Office Space

Industrial

Healthcare

Education

Hospitality

Manufacturing

Warehousing

Professional Services

Relevant Teams

Legal

Real Estate

Facilities

Operations

Finance

Administration

Risk Management

Property Management

Asset Management

Corporate Services

Relevant Roles

Property Manager

Real Estate Manager

Leasing Agent

Facilities Manager

Real Estate Attorney

Legal Counsel

Corporate Real Estate Manager

Asset Manager

Operations Manager

Tenant Relations Manager

Commercial Lease Administrator

Property Administrator

Real Estate Director

Chief Financial Officer

Business Operations Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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