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Commercial Lease Addendum Template for Australia

Commercial Lease Addendum Template for Australia

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Commercial Lease Addendum

"I need a Commercial Lease Addendum to modify our existing retail space lease to include an additional 500 square meters of warehouse space adjacent to our current premises, with the changes to take effect from March 1, 2025."

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What is a Commercial Lease Addendum?

The Commercial Lease Addendum is utilized when parties to an existing commercial lease agreement in Australia need to modify specific terms without creating an entirely new lease. This document is essential for implementing changes such as rent adjustments, premise modifications, term extensions, or updates to service arrangements while preserving the continuity of the original lease relationship. It must comply with relevant state and federal legislation, including state-specific retail leasing laws and the Competition and Consumer Act 2010. The addendum requires careful consideration of both parties' interests and often includes detailed specifications of the modifications, supporting documentation, and necessary regulatory approvals. It serves as a legally binding amendment to the original lease and must be executed with appropriate formalities to ensure enforceability.

What sections should be included in a Commercial Lease Addendum?

1. Parties: Identification of the landlord and tenant, including their full legal names, addresses, and any relevant registration numbers

2. Background: Reference to the original lease agreement including its date, parties, and property details, and brief context for the addendum

3. Definitions: Key terms used in the addendum, including references to defined terms in the original lease that remain applicable

4. Interpretation: Rules for interpreting the addendum and its relationship with the original lease

5. Amendments to Original Lease: Detailed specification of modifications to the original lease, clearly identifying affected clauses and new provisions

6. Effective Date: Specification of when the modifications take effect

7. Confirmation of Other Terms: Confirmation that all other terms of the original lease remain in full force and effect

8. Execution: Signature blocks for all parties and witness requirements

What sections are optional to include in a Commercial Lease Addendum?

1. Rent Adjustment: Used when the addendum includes changes to rent amounts or payment terms

2. Premises Modifications: Required when the addendum involves changes to the leased space or permitted uses

3. Term Extension: Included when modifying the lease duration or renewal options

4. Additional Services: Used when adding or modifying services provided by the landlord

5. Security Deposit Changes: Required when modifying security deposit terms or amounts

6. Insurance Requirements: Included when changing insurance obligations of either party

7. Maintenance and Repairs: Used when modifying responsibilities for maintenance and repairs

8. Operating Expenses: Required when changing terms related to operating expenses or outgoings

What schedules should be included in a Commercial Lease Addendum?

1. Schedule 1 - Modified Lease Terms: Detailed table or list showing original lease clauses and their modified versions

2. Schedule 2 - Updated Floor Plan: Required if the addendum involves changes to the leased premises

3. Schedule 3 - Rent Calculation: Details of new rent calculations or payment schedules if applicable

4. Schedule 4 - Additional Works: Specifications for any approved modifications or improvements to the premises

5. Appendix A - Required Approvals: Copies of any required regulatory or authority approvals for the modifications

6. Appendix B - Supporting Documentation: Any relevant certificates, permits, or other documents supporting the lease modifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok˰ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























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Relevant Industries

Real Estate

Retail

Commercial Property

Hospitality

Healthcare

Professional Services

Manufacturing

Warehousing

Technology

Financial Services

Education

Relevant Teams

Legal

Real Estate

Operations

Finance

Compliance

Facilities Management

Risk Management

Property Management

Asset Management

Contract Administration

Relevant Roles

Property Manager

Real Estate Agent

Commercial Lawyer

Legal Counsel

Facilities Manager

Business Owner

Operations Director

Chief Financial Officer

Leasing Manager

Asset Manager

Property Director

Compliance Officer

Real Estate Portfolio Manager

Tenant Representative

Contract Administrator

Industries








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