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Lease Extension Addendum

Lease Extension Addendum Template for Pakistan

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Key Requirements PROMPT example:

Lease Extension Addendum

"I need a Lease Extension Addendum for my commercial warehouse lease in Karachi, extending the current term by 3 years from March 1, 2025, with a 10% annual rent increase and updated maintenance terms."

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Document background
The Lease Extension Addendum is essential when parties wish to continue their landlord-tenant relationship beyond the original lease term without creating an entirely new lease agreement. This document type is commonly used in Pakistan's property market for both commercial and residential properties, requiring compliance with the Transfer of Property Act 1882 and provincial rent laws. The addendum typically includes vital information such as the extension period, revised rent terms, and any modified conditions while referencing the original lease agreement. It must be properly executed with witnesses and may require registration under Pakistani law if the extension period exceeds one year. The document serves as a cost-effective and efficient way to extend a lease while maintaining the core terms of the original agreement.
Suggested Sections

1. Parties: Identification of the Lessor and Lessee with their complete legal names and addresses as they appear in the original lease

2. Background: Reference to the original lease agreement including its date, property details, and current expiry date

3. Definitions: Key terms used in the addendum, including references to defined terms in the original lease that remain applicable

4. Extension Term: Specific details of the extension period, including start and end dates

5. Rent and Payment Terms: Specification of rent amount during the extension period, including any adjustments or increases

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

7. Registration and Stamp Duty: Provisions regarding compliance with registration requirements and payment of applicable stamp duty

8. Execution: Signature blocks for all parties and witnesses as required under Pakistani law

Optional Sections

1. Modified Terms: Used when any terms besides the duration and rent are being modified during the extension period

2. Maintenance and Repairs: Include if there are any changes to maintenance responsibilities during the extension period

3. Security Deposit Adjustment: Required if there are changes to the security deposit amount or terms

4. Break Clause: Optional provision allowing either party to terminate the extension early under specified conditions

5. Renewal Option: Include if providing additional options for future extensions beyond this extension period

Suggested Schedules

1. Schedule A - Property Description: Detailed description of the leased property (if different from original lease)

2. Schedule B - Rent Schedule: Detailed breakdown of rent payments during the extension period, including any scheduled increases

3. Schedule C - Modified Terms: Comprehensive list of any terms from the original lease that are being modified

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

5. Appendix 2 - Property Condition Report: Updated condition report if required for the extension period

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

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alex.den.21@genieai.co
Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Industrial

Office Space

Hospitality

Manufacturing

Warehouse and Storage

Agriculture

Education

Healthcare

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Administration

Compliance

Property Management

Asset Management

Contract Management

Corporate Services

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Corporate Lawyer

Operations Director

Administrative Manager

Real Estate Agent

Property Administrator

Lease Administrator

Contract Manager

Real Estate Director

Company Secretary

Chief Operating Officer

Asset Manager

Industries
Transfer of Property Act, 1882: Primary legislation governing property transfers and leases in Pakistan, defining legal requirements for lease agreements, rights and obligations of lessors and lessees, and terms of lease extension
Contract Act, 1872: Fundamental law governing contract formation and enforcement in Pakistan, including requirements for valid agreements, consent, and consideration in lease extensions
Registration Act, 1908: Legislation governing the registration of documents, including requirements for registration of lease deeds and extensions exceeding one year
Stamp Act, 1899: Specifies the stamp duty requirements for lease documents and extensions, ensuring proper payment of government duties
Provincial Rent Restriction Ordinance: Provincial laws governing rent control, tenant rights, and procedural requirements for lease modifications (specific version depends on the relevant province)
Specific City Rent Control Acts: Local municipal laws that may impose additional requirements on lease agreements and extensions in specific cities
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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