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Rental Extension Agreement
"I need a Rental Extension Agreement for my commercial office space in Mumbai, extending the current lease until March 2025 with a 10% rent increase and maintaining all other original terms."
1. Parties: Identifies and provides full details of the landlord/lessor and tenant/lessee, including names, addresses, and contact information
2. Background: References the original rental agreement, its date of execution, and current expiry date, establishing the context for this extension
3. Definitions: Defines key terms used in the agreement, including references to terms from the original agreement that remain applicable
4. Extension Term: Specifies the duration of the extension period, including start and end dates
5. Rent and Payment Terms: Details the rent amount, payment schedule, and any agreed increases during the extension period
6. Continuation of Original Terms: Confirms which terms from the original agreement remain in force during the extension period
7. Security Deposit: Addresses any changes to the existing security deposit or confirms its continuation
8. Maintenance and Repairs: Reiterates or updates responsibilities for property maintenance and repairs
9. Notices: Specifies how and where official communications between parties should be sent
10. Governing Law: Confirms the agreement is governed by Indian law and specifies the jurisdiction for dispute resolution
11. Execution: Provides for signature blocks and execution details including witness requirements
1. Rental Increase Mechanism: Include when parties agree to specific rent increase terms during the extension period
2. Renovation/Modification Terms: Include when either party plans to make changes to the property during the extension period
3. Additional Occupants: Include when there are changes to the authorized occupants of the property
4. Modified Usage Terms: Include when there are changes to how the property may be used
5. Utility Responsibilities: Include when there are changes to utility payment responsibilities
6. Early Termination Clause: Include when parties agree to specific terms for early termination during the extension period
7. Subletting Provisions: Include when subletting terms are being modified or specifically addressed for the extension period
1. Schedule 1 - Property Details: Detailed description of the rental property, including any modifications since original agreement
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, including any scheduled increases
3. Schedule 3 - Inventory List: Updated list of furnishings and fixtures included in the rental
4. Schedule 4 - Condition Report: Current condition of the property at the time of extension
5. Appendix A - Original Agreement: Copy of the original rental agreement for reference
6. Appendix B - Maintenance Schedule: Updated maintenance and repair responsibilities if modified from original agreement
Authors
Original Agreement
Extension Period
Commencement Date
Termination Date
Premises
Lessor
Lessee
Rent
Security Deposit
Permitted Use
Common Areas
Maintenance Charges
Utilities
Force Majeure
Business Day
Notice
Applicable Law
Registration Authority
Stamp Duty
Monthly Rent
Interest Rate
Property
Occupants
Building Rules
Service Providers
Schedule
Working Hours
Authorized Representatives
Lock-in Period
Rent Payment
Security Deposit
Property Use
Maintenance and Repairs
Utilities
Insurance
Assignment and Subletting
Access Rights
Alterations and Improvements
Force Majeure
Termination
Default and Remedies
Notices
Registration and Stamp Duty
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Counterparts
Continuation of Original Terms
Compliance with Laws
Property Inspection
Quiet Enjoyment
Return of Premises
Indemnification
Representation and Warranties
Real Estate
Retail
Commercial Office Space
Industrial
Hospitality
Healthcare
Education
Information Technology
Manufacturing
Logistics
Professional Services
Banking and Financial Services
Legal
Operations
Facilities Management
Administration
Finance
Compliance
Real Estate
Property Management
Contract Management
Corporate Affairs
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Corporate Lawyer
Operations Manager
Administrative Officer
Business Development Manager
Compliance Officer
Chief Financial Officer
Office Manager
Real Estate Agent
Leasing Manager
Contract Administrator
Company Secretary
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