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ADDENDUM NO. 1 Lease Rate, Annual Increase, and RenewalsThis Addendum No. 1 (\”Addendum\”) is made and entered into effective as of the ___ day of ___, 2021, as an addendum to the Standard Commercial/Industrial
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How to fill out 1 addendum is made

01
Start by reviewing the original contract or agreement that the addendum is being made for.
02
Clearly identify the purpose or reason for making the addendum.
03
Ensure that all parties involved in the original contract are in agreement with the need for the addendum.
04
Title the addendum with a clear and concise description of its content.
05
Number each point or section within the addendum to make it easier to refer to.
06
Provide a detailed explanation for each point or change being made.
07
Include any necessary additional terms or conditions that need to be addressed.
08
Ensure that the language used is clear, unambiguous, and legally sound.
09
Sign and date the addendum, ensuring that all parties involved in the original contract also sign and date it.
10
Attach the addendum to the original contract for reference and record-keeping purposes.

Who needs 1 addendum is made?

01
Anyone involved in a contract or agreement that requires modifications, updates, or adjustments.
02
Individuals or companies who want to make changes to the terms, conditions, or specifications of an existing contract.
03
Legal entities, such as businesses, organizations, or government entities, that need to address unforeseen circumstances or new requirements.
04
Both parties involved in the original contract must agree to the need for an addendum and participate in its creation.
05
Addendums are often used in various industries, such as real estate, employment, construction, and finance, among others.
06
Anyone who wants to ensure that any modifications or additions to an existing contract are documented and legally binding.

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An addendum is a document that is added to a main document to provide additional information, clarify terms, or make changes to the original content.
Typically, the party responsible for the original document or agreement is required to file the addendum.
To fill out an addendum, clearly state the purpose, reference the original document, and include the amendments or additional information. Ensure to sign and date the document.
The purpose of an addendum is to amend the original document to reflect changes, updates, or provide further detail that was not included initially.
The addendum should include the original document title, date, the specific changes or additions being made, and signatures of all relevant parties.
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