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Lease Extension Addendum
"I need a Lease Extension Addendum for our commercial office space in Vienna, extending the current lease for an additional 3 years from March 1, 2025, with a 5% rent increase and maintaining all other original terms."
1. Parties: Identification of the landlord and tenant as per the original lease agreement, including their current addresses and any updated contact information
2. Background: Reference to the original lease agreement, including its date, property details, and confirmation that both parties wish to extend the lease term
3. Definitions: Key terms used in the addendum, including reference to definitions from the original lease that remain applicable
4. Extension Term: Clear specification of the new lease end date and the effective date of the extension
5. Confirmation of Existing Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect
6. Binding Effect: Declaration that the addendum forms an integral part of the original lease agreement
7. Execution: Signature blocks for all parties, including date and place of signing
1. Rent Adjustment: Include when the extension involves a modification of the rent amount or payment terms
2. Modified Terms: Include when other specific terms of the original lease are being modified alongside the extension
3. Break Clause: Include when parties wish to add or modify early termination rights for the extension period
4. Maintenance Obligations: Include when maintenance responsibilities are being revised for the extension period
5. Security Deposit Adjustment: Include when changes to the security deposit are being made with the extension
1. Schedule 1 - Original Lease: Copy or extract of the original lease agreement for reference
2. Schedule 2 - Property Condition Report: Updated condition report if required for the extension period
3. Schedule 3 - Rent Calculation: Details of any rent adjustments or indexation calculations if applicable
4. Appendix A - Authorization Documents: Any required corporate or agency authorizations for signing the extension
5. Appendix B - Property Plans: Updated property plans or floor plans if there are any changes to the leased space
Authors
Real Estate
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Logistics
Manufacturing
Professional Services
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Management
Asset Management
Administrative Services
Risk Management
Property Manager
Facility Manager
Real Estate Director
Legal Counsel
Corporate Lawyer
Operations Manager
Asset Manager
Leasing Manager
Contract Administrator
Chief Financial Officer
Real Estate Portfolio Manager
Compliance Officer
Building Services Manager
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