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Commercial Lease Addendum
"I need a Commercial Lease Addendum to increase the leased retail space by an additional 1,000 square feet and adjust the monthly rent accordingly, with the modifications to take effect from March 1, 2025."
1. Parties: Identification of the landlord and tenant as per the original lease agreement
2. Background: Reference to the original lease agreement including its date and parties, and brief context for the addendum
3. Definitions: Key terms used in the addendum, incorporating definitions from the original lease where relevant
4. Effective Date: The date when the modifications take effect
5. Modifications to Original Lease: Specific clauses being modified, with clear reference to original clause numbers
6. Ratification: Confirmation that all other terms of the original lease remain unchanged
7. Integration: Statement that this addendum forms part of the original lease agreement
8. Governing Law: Confirmation that Pakistani law governs the addendum
9. Execution: Signature blocks for all parties and witnesses as required under Pakistani law
1. Additional Premises: Used when the addendum modifies the leased space
2. Rent Modification: Used when changing rental amounts or payment terms
3. Term Extension: Used when modifying the lease duration
4. Use Clause Modification: Used when changing permitted uses of the premises
5. Security Deposit Amendment: Used when modifying security deposit terms
6. Maintenance Responsibilities: Used when altering maintenance obligations
7. Insurance Requirements: Used when modifying insurance obligations
8. Utilities and Services: Used when changing responsibility for utilities
9. Stamp Duty Declaration: Required if the modification affects the stamp duty calculation
1. Schedule A - Modified Premises Plan: Updated floor plans or property descriptions if space is modified
2. Schedule B - Revised Rent Schedule: Updated rent amounts and payment schedules if applicable
3. Schedule C - Modified Maintenance Schedule: Updated maintenance responsibilities if changed
4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement for reference
5. Appendix 2 - Required Permits: Any new permits or licenses required due to modifications
6. Appendix 3 - Property Tax Assessment: Updated tax information if relevant to the modifications
Authors
Original Lease
Effective Date
Lessor
Lessee
Premises
Modified Terms
Additional Space
Base Rent
Modified Rent
Common Areas
Extension Period
Modification Date
Original Term
Permitted Use
Property
Revised Term
Security Deposit
Service Charges
Stamp Duty
Utilities
Working Day
Applicable Law
Registration Authority
Original Parties
Rent Commencement Date
Modified Provisions
Retained Provisions
Building
Occupancy Date
Amendment Purpose
Reference to Original Lease
Modification Terms
Rent Adjustment
Term Extension
Space Modification
Use Permissions
Maintenance Obligations
Insurance Requirements
Utilities and Services
Security Deposit
Operating Expenses
Access Rights
Signage Rights
Parking Rights
Compliance with Laws
Registration Requirements
Stamp Duty
Integration
Ratification
Governing Law
Dispute Resolution
Notices
Execution
Witness Requirements
Retail
Office Space
Industrial
Hospitality
Healthcare
Technology
Banking and Financial Services
Manufacturing
Logistics and Warehousing
Education
Professional Services
Entertainment and Recreation
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Corporate Services
Administration
Property Management
Asset Management
Property Manager
Real Estate Director
Facilities Manager
Legal Counsel
Commercial Lease Administrator
Operations Manager
Chief Financial Officer
Business Development Manager
Asset Manager
Compliance Officer
Real Estate Portfolio Manager
Corporate Services Manager
Contract Administrator
Risk Manager
Finance Director
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