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Addendum To Commercial Lease for Philippines

Addendum To Commercial Lease Template for Philippines

This document serves as a formal modification to an existing commercial lease agreement under Philippine law, allowing parties to amend specific terms and conditions of their original lease while maintaining the validity of unmodified provisions. It accommodates changes in commercial circumstances such as lease term extensions, rent adjustments, property modifications, or usage alterations, all while ensuring compliance with Philippine civil and commercial laws, particularly the Civil Code of the Philippines and relevant local government regulations. The document provides a legally binding framework for documenting these changes while preserving the integrity of the original lease agreement.

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What is a Addendum To Commercial Lease?

An Addendum To Commercial Lease is essential when parties need to modify an existing commercial lease agreement without creating an entirely new contract. This document is commonly used in the Philippines when circumstances require adjustments to lease terms, such as rent modifications, tenure extensions, or changes in property use. It must comply with Philippine civil law, particularly the Civil Code of the Philippines and local commercial regulations. The addendum typically includes specific references to the original lease, clearly stated modifications, and confirmation that unaltered terms remain in effect. It's particularly relevant in dynamic commercial environments where business needs evolve, requiring formal documentation of agreed changes while maintaining legal certainty and protecting both lessor and lessee interests.

What sections should be included in a Addendum To Commercial Lease?

1. Parties: Identification of the Lessor and Lessee as named in the original lease agreement

2. Background: Reference to the original lease agreement including its date of execution and brief context for the addendum

3. Definitions: Key terms used in the addendum, incorporating definitions from the original lease where applicable

4. Amendment Details: Specific clauses being modified, clearly stating both the original provision and the new modified version

5. Effect on Original Lease: Statement confirming all other provisions of the original lease remain in full force and effect

6. Integration: Clause stating this addendum forms part of the original lease agreement

7. Governing Law: Confirmation that Philippine law governs the addendum

8. Execution: Signature blocks for all parties and witnesses

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

1. Rent Modification: Used when changes to rental amounts or payment terms are being made

2. Term Extension: Used when modifying the lease duration

3. Property Modifications: Used when allowing specific alterations to the leased premises

4. Use Clause Modification: Used when changing the permitted use of the premises

5. Security Deposit Adjustment: Used when modifying security deposit requirements

6. Insurance Requirements: Used when updating insurance obligations

7. Assignment and Subletting: Used when modifying rights to assign or sublet

8. Utilities and Services: Used when changing responsibilities for utilities or services

What schedules should be included in a Addendum To Commercial Lease?

1. Schedule A - Modified Floor Plan: Detailed plans showing any changes to the leased premises

2. Schedule B - Revised Rent Schedule: Updated rent payment schedule if rent terms are modified

3. Schedule C - Modification Works: Details of any approved renovations or modifications to the property

4. Schedule D - Updated Insurance Requirements: Revised insurance specifications if applicable

5. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being modified

6. Appendix 2 - Required Permits: Copies of any new permits or licenses required for modified use

Authors

Alex Denne

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

Jurisdiction

Philippines

Document Type

Contract Amendment

Cost

Free to use

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