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Appendix III Inquiry Form : District Lands Officer, ___Date : ___Lot No.:(\”the Lot\”) Address:*Proposed Lease Modification/Land ExchangePursuant to paragraph 7 of the Lands Department (\”Lands\”)
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How to fill out a a lease modification

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How to fill out a a lease modification

01
Gather all relevant information regarding the lease modification, including the current lease agreement and the proposed changes.
02
Review the terms and conditions of the current lease agreement to understand what aspects are being modified.
03
Clearly outline the modifications that need to be made, such as changes to rent amount, lease term, or additional provisions.
04
Draft a lease modification document that clearly specifies the changes and obtains signatures from all parties involved.
05
Make copies of the signed lease modification for all parties and keep a copy for your records.

Who needs a a lease modification?

01
Tenants who wish to make changes to their existing lease agreement.
02
Landlords who want to revise terms of the lease agreement with their tenants.

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A lease modification is a change to the terms of an existing lease agreement, which may involve altering payment terms, lease duration, or other significant lease conditions.
The lessee or the lessor, typically the party requesting the change or adjustment in the lease terms, is required to file a lease modification.
To fill out a lease modification, one should obtain the appropriate form, clearly outline the changes being made to the lease agreement, ensure all parties involved sign the modification, and keep copies for their records.
The purpose of a lease modification is to formally document and implement changes to the existing lease agreement, allowing parties to adapt to changing conditions or agreements without drafting a new lease.
The lease modification must report information such as the original lease terms, the specific changes being made, effective dates, and signatures from all parties involved.
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