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Addendum To Lease Agreement
"I need an Addendum to Lease Agreement to extend our current commercial lease term by 3 years starting March 1, 2025, with a 5% rent increase and updated maintenance responsibilities for our retail space in Auckland."
1. Parties: Identifies all parties to the addendum, including the original landlord and tenant(s), matching the names as they appear in the original lease
2. Background: References the original lease agreement including its date and parties, and briefly explains the reason for the addendum
3. Definitions: Defines key terms used in the addendum and references definitions from the original lease that remain applicable
4. Original Lease Reference: Specifically identifies the original lease being modified, including its execution date and any previous modifications
5. Modifications: Clearly states each modification to the original lease, referencing specific clauses being changed, added, or removed
6. Continuing Effect: Confirms that all other terms and conditions of the original lease remain in full force and effect
7. Effective Date: Specifies when the modifications take effect
8. Execution: Signature block for all parties to execute the addendum
1. Consent Requirements: Required when third-party consent (such as mortgagee or guarantor) is needed for the modifications
2. Regulatory Compliance: Include when modifications must address specific regulatory requirements or changes
3. Additional Parties: Required when new parties are being added to the lease arrangement
4. Temporary Provisions: Used when modifications include temporary changes with specific start and end dates
5. Consideration: Required when the modification involves changes to payment terms or other valuable consideration
6. Conditions Precedent: Include when the modifications are subject to certain conditions being met before taking effect
1. Schedule 1 - Modified Terms: Detailed listing of specific terms being modified, showing both original and new text
2. Schedule 2 - Modified Payment Terms: If applicable, detailed breakdown of any changes to rent, operating expenses, or other financial terms
3. Schedule 3 - Consent Documents: Copies of any required third-party consents or approvals
4. Appendix A - Marked-up Lease: Copy of the original lease showing all modifications in track changes format
5. Appendix B - Supporting Documentation: Any additional documents referenced in or supporting the modifications
Authors
Original Lease
Effective Date
Landlord
Tenant
Premises
Modified Terms
Original Terms
Parties
Property
Commencement Date
Modification Date
Lease Term
Extended Term
Rent
Modified Rent
Security Deposit
Permitted Use
Business Day
GST
Guarantor
Common Areas
Operating Expenses
Outgoings
Related Documents
Consent
Default
Force Majeure
Permitted Assigns
Working Day
Interpretation
Original Lease Reference
Modification Terms
Effective Date
Consideration
Rent Adjustment
Term Extension
Use of Premises
Maintenance and Repairs
Insurance Requirements
Operating Expenses
Security Deposit
Utilities and Services
Access Rights
Compliance with Laws
Representations and Warranties
Consents and Approvals
Further Assurance
Severability
Entire Agreement
Governing Law
Execution
Registration
GST
Notices
Continuing Effect
Authority
Assignment and Subletting
Dispute Resolution
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Office Space
Healthcare
Hospitality
Education
Logistics
Manufacturing
Professional Services
Legal
Real Estate
Property Management
Operations
Facilities
Asset Management
Compliance
Contract Administration
Risk Management
Tenant Relations
Property Manager
Lease Administrator
Real Estate Manager
Legal Counsel
Contract Manager
Facilities Manager
Asset Manager
Operations Manager
Commercial Property Manager
Tenant Relations Manager
Real Estate Director
Compliance Officer
Property Services Coordinator
Leasing Executive
Portfolio Manager
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