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COMMERCIAL LEASE ADDENDUM REGARDING SUBJECT PROPERTY: Lessee, as referred herein shall include optioned if any: Lessor, as referred herein shall include option or if any: Broker as used herein shall

How to fill out commercial lease addendum

How to fill out a commercial lease addendum:

1. Start by reviewing the terms of the existing commercial lease. Familiarize yourself with the terms and conditions outlined in the lease agreement to ensure you understand what changes or additions need to be made.
2. Determine the purpose of the addendum. Is it to extend the lease term, modify certain clauses, or add new provisions? Clearly define the purpose so you can accurately draft the addendum.
3. Identify the parties involved. Make sure to include the full legal names of both the landlord and tenant. It's also important to specify the address of the leased premises.
4. Clearly state the effective date of the addendum. This is the date from which all the changes outlined in the addendum will take effect.
5. Outline the specific changes or additions to the existing lease. This may include modifications to rent payments, maintenance responsibilities, or any other relevant terms. Clearly articulate each change in a concise and specific manner.
6. Attach any necessary exhibits or attachments. If there are any diagrams, floor plans, or other supporting documents that need to be referenced or amended, make sure to include them as attachments to the addendum.
7. Ensure mutual agreement. Both the landlord and tenant must review and agree to the terms of the addendum. It's essential to obtain their signatures and date the document to demonstrate their consent.
8. Keep a copy of the fully executed addendum. It's crucial to maintain a record of the signed addendum for future reference. Each party involved should retain a copy of the addendum as part of their records.

Who needs a commercial lease addendum?

A commercial lease addendum may be needed in several situations, including:

1. When both the landlord and tenant agree to modify or add provisions to the existing lease agreement.
2. If changes are required due to changing business needs or circumstances, such as an expansion of leased premises or a change in the permitted use of the space.
3. When there is a need to extend the lease term, either by a fixed period or on a month-to-month basis.
4. In cases where there is a need to address specific concerns such as repairs, maintenance responsibilities, or modifications to lease payments.

Remember, consulting with legal professionals who specialize in commercial real estate is always recommended when drafting or signing a commercial lease addendum to ensure compliance with local laws and regulations.

For pdfFiller’s FAQs

What is commercial lease addendum?

A commercial lease addendum is a supplementary document that is added to the original lease agreement to modify, add, or delete certain terms and conditions.

Who is required to file commercial lease addendum?

Both the landlord and the tenant are typically required to file a commercial lease addendum, depending on the changes being made to the original lease agreement.

How to fill out commercial lease addendum?

To fill out a commercial lease addendum, parties must clearly state the changes being made, provide detailed information, sign and date the document, and attach it to the original lease agreement.

What is the purpose of commercial lease addendum?

The purpose of a commercial lease addendum is to make amendments to the original lease agreement, in order to reflect any changes or updates to the terms and conditions of the lease.

What information must be reported on commercial lease addendum?

The commercial lease addendum must include details of the changes being made, such as revised terms, additional clauses, deletions, and any other modifications to the original lease agreement.

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