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CITY OF DELANO REQUEST FOR ACTION Department Head City Council Date Agenda Item Tammy Matthews July 16th, 2013 5 Adopt a resolution approving a Lease revision of Delano EDA/Crow River Villa Lease.

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How to fill out 13-7-16 - lease revision

How to fill out 13-7-16 - lease revision:

01

Review the existing lease agreement: Start by thoroughly reading the current lease agreement to understand the terms and conditions that need to be revised. Take note of any specific sections or clauses that require amendments.

02

Identify the necessary revisions: Determine which aspects of the lease agreement need to be revised. This could include changes to the rental amount, lease duration, maintenance responsibilities, or any other agreed-upon terms. Make a list of all the revisions that need to be made.

03

Consult with the other party involved: Reach out to the other party involved in the lease agreement, whether it's the landlord or tenant, to discuss the revisions. Clearly communicate the proposed changes and ensure that both parties are in agreement. If necessary, negotiate until a consensus is reached.

04

Draft a lease revision document: Create a new document specifically for the lease revision. Include a clear title, such as "13-7-16 Lease Revision," and write out all the agreed-upon changes in a structured and organized manner. Use explicit language to avoid any ambiguity or confusion.

05

Seek legal advice if required: If the lease revision involves complex legal matters or if you are unsure about certain aspects, it is advisable to seek legal advice. An attorney specializing in real estate or contracts can provide guidance and ensure that the revised lease agreement is legally sound.

06

Sign and date the revision document: Once the lease revision document has been created, both parties should review it carefully. Make any necessary adjustments or corrections before finalizing it. Then, sign and date the document to certify its authenticity.

Who needs 13-7-16 - lease revision?

01

Landlords: Landlords may need a lease revision if they wish to modify the terms of an existing lease agreement. This could be related to rental price adjustments, changing rental periods, implementing new rules or policies, assigning maintenance responsibilities, etc.

02

Tenants: Tenants may require a lease revision if they have specific requests or concerns that need to be addressed. This may include changes to the rental amount, lease duration, adding or removing co-tenants, requesting alterations to the property, or any other modifications required for a more suitable living or working environment.

03

Property management companies: Property management companies that oversee multiple rental properties may also need lease revisions. This can occur when there are changes in policies or regulations that need to be reflected in the lease agreements for the properties they manage.

Overall, anyone who is party to a lease agreement and wishes to make changes to its terms and conditions may need a lease revision, whether they are landlords, tenants, or property management companies.

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