Renew Tenancy Agreement Template for Pakistan

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Key Requirements PROMPT example:

Renew Tenancy Agreement

"I need a Renew Tenancy Agreement for my commercial property in Lahore, extending the current lease for 3 years starting March 1, 2025, with a 10% increase in rent and updated maintenance terms."

Document background
The Renew Tenancy Agreement is essential when parties wish to extend an existing lease arrangement in Pakistan while potentially updating its terms. This document is typically used when the original lease period is approaching expiration and both parties agree to continue their landlord-tenant relationship. It must comply with federal legislation such as the Transfer of Property Act 1882 and relevant provincial rent control laws, while also addressing any new terms or modifications to the original agreement. The renewal document includes critical information such as the extended period, updated rent amounts, and any modified conditions, while ensuring all changes align with current Pakistani property laws and regulations. It's particularly important for maintaining legal clarity and protecting both parties' interests during the extended lease period.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant with their complete legal names and addresses

2. Background: Reference to the original tenancy agreement, its date, and current expiry date

3. Definitions: Key terms used in the renewal agreement, including references to defined terms in the original agreement

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

5. Rent: Updated rent amount, payment schedule, and method of payment

6. Confirmation of Original Terms: Statement confirming which terms from the original agreement remain in effect

7. Execution: Signature blocks for all parties and witnesses

8. Governing Law: Confirmation that the agreement is governed by Pakistani law and specification of relevant jurisdiction

Optional Sections

1. Modified Terms: Section detailing any changes to the original agreement terms, used when specific conditions need updating

2. Security Deposit Adjustment: Updates to security deposit amounts if required, used when security deposit terms are changing

3. Maintenance and Repairs: Updated responsibilities for maintenance and repairs, used when these terms are being modified

4. Utilities and Services: Changes to utility payment responsibilities, used when utility arrangements are being modified

5. Special Conditions: Any new specific conditions for the renewal period, used when adding new terms not in original agreement

6. Break Clause: Terms for early termination, used when parties want flexibility to end the renewal early

Suggested Schedules

1. Schedule 1 - Original Agreement: Copy of the original tenancy agreement for reference

2. Schedule 2 - Inventory: Updated inventory list of furniture and fixtures if property is furnished

3. Schedule 3 - Property Condition Report: Current condition of the property at renewal

4. Schedule 4 - Payment Schedule: Detailed breakdown of rent payments and due dates

5. Appendix A - Property Photos: Current photographs of the property condition

6. Appendix B - Utility Agreements: Updated utility contract information and responsibilities if relevant

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

Residential Property

Commercial Property

Retail

Office Space

Industrial

Hospitality

Education

Healthcare

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Operations

Compliance

Asset Management

Administrative Services

Tenant Relations

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Leasing Manager

Asset Manager

Property Administrator

Real Estate Agent

Compliance Officer

Operations Manager

Housing Officer

Estate Agent

Property Consultant

Tenant Relations 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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