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Lease Extension Addendum
"I need a Lease Extension Addendum for our retail space in Brussels, extending the current lease until March 2025, with updated maintenance provisions and a 5% rent increase, compliant with Belgian commercial lease regulations."
1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and any registration numbers for legal entities
2. Background: Reference to the original lease agreement, including its date, parties, and property description, and brief explanation of the need for extension
3. Definitions: Key terms used in the addendum, including reference to definitions from the original lease agreement
4. Extension Term: Clear specification of the new lease end date and the duration of the extension
5. Confirmation of Original Terms: Statement confirming that all other terms and conditions of the original lease remain unchanged and in full force
6. Rent and Payment Terms: Specification of any rent adjustments, including indexation if applicable
7. Execution: Signature blocks for all parties, including date and place of signing
1. Modified Terms: Section to specify any other terms being modified besides the duration, used when other changes are being made concurrent with the extension
2. Maintenance and Repairs: Additional provisions regarding maintenance responsibilities, used when original terms need clarification or modification
3. Early Termination Rights: Specific provisions about early termination during the extension period, included when parties want to modify these rights
4. Registration Requirements: Specific provisions about who is responsible for registering the addendum, included when this needs to be explicitly stated
5. Guarantees: Provisions regarding any new or modified guarantee requirements, used when security arrangements are being updated
6. Insurance Requirements: Updates to insurance obligations, included when insurance terms need modification
1. Original Lease Agreement: Copy of the original lease agreement being extended
2. Property Condition Report: Updated condition report if required or if significant time has passed since the last report
3. Rent Calculation Schedule: Details of any rent adjustments, including indexation calculations if applicable
4. Updated Insurance Certificates: Copies of current insurance certificates if insurance is being modified or updated
5. Building Rules and Regulations: Updated version if any changes have been made since the original lease
Authors
Real Estate
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Logistics
Manufacturing
Professional Services
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Property Management
Asset Management
Contract Management
Risk Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contract Manager
Real Estate Director
Operations Manager
Asset Manager
Leasing Manager
Commercial Director
Real Estate Agent
Property Administrator
Compliance Officer
Real Estate Partner
General Counsel
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