The Lease Renewal Amendment is a critical document used in Canadian real estate transactions when parties wish to extend an existing lease relationship while potentially updating certain terms. This document type is commonly employed when the original lease term is approaching expiration and both parties agree to continue their relationship, or when modifications to the existing lease terms are desired alongside a renewal. The amendment must comply with both federal and provincial legislative requirements, including property law, contract law, and specific tenancy regulations. It typically addresses key aspects such as the extended term length, updated rent provisions, and any modifications to the original lease terms, while explicitly maintaining all unmodified provisions of the original agreement. The document's format and content should reflect provincial requirements for lease amendments and should be drafted with consideration of both common law principles and statutory requirements applicable in the relevant Canadian jurisdiction.
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1. Parties: Identification of landlord and tenant, including current legal names and addresses
2. Background: Reference to original lease agreement, including date and parties, and statement of intention to renew/amend
3. Definitions: Key terms used in the amendment, including 'Original Lease', 'Renewal Term', and any new defined terms
4. Renewal Term: Specific details of the new lease term, including start and end dates
5. Rent Provisions: Updated rent amount, payment schedule, and any adjustments to additional rent obligations
6. Confirmation of Other Terms: Statement confirming all other terms of the original lease remain unchanged
7. Execution: Signature blocks for all parties and date of amendment
1. Modified Terms: Section detailing any other terms being modified beyond term and rent - include if there are other changes to the original lease
2. Representations and Warranties: Confirmations about the lease being in good standing - include if required by landlord or if there have been previous defaults
3. Broker/Agent Acknowledgment: Recognition of any brokers involved in renewal - include if brokers were involved in negotiating the renewal
4. Guarantor Confirmation: Reaffirmation by any guarantors - include if the original lease had guarantors
5. Tenant Improvement Provisions: Details of any new tenant improvements or allowances - include if renovation or upgrades are part of renewal
6. Early Termination Rights: Any new termination rights granted as part of renewal - include if negotiated as part of renewal
1. Schedule A - Rent Schedule: Detailed breakdown of base rent, additional rent, and any escalations over renewal term
2. Schedule B - Modified Premises: Updated floor plan or premises description if there are any changes to the leased space
3. Schedule C - Tenant Improvement Details: Specifications and terms for any new tenant improvements agreed upon
4. Appendix 1 - Original Lease: Copy of original lease agreement and any previous amendments for reference
5. Appendix 2 - Rent Calculation Examples: Examples of how additional rent or adjustments will be calculated if complex formulas are involved
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