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Addendum To Lease Agreement
"I need an Addendum to Lease Agreement for our Riyadh commercial office space to increase the monthly rent by 15% and extend the lease term until March 2025, with all other original terms remaining unchanged."
1. Parties: Identification of the landlord and tenant, matching exactly as they appear in the original lease agreement
2. Background: Reference to the original lease agreement, including its date of execution, property details, and the reason for this addendum
3. Definitions: Key terms used in the addendum, including reference to definitions from the original lease that remain applicable
4. Amendments to Original Lease: Specific modifications to the original lease, clearly stating which sections are being modified, removed, or added
5. Effect on Original Lease: Statement confirming that all other terms and conditions of the original lease remain in full force and effect
6. Governing Law: Confirmation that the addendum is governed by Saudi law and Shariah principles
7. Execution: Signature blocks for all parties and any required witnesses or attestations
1. Additional Representations: Used when parties need to make new representations specific to the modifications
2. Registration Requirements: Include when the modification requires registration with Ejar or other authorities
3. Third Party Consents: Required when modifications need approval from mortgagees, guarantors, or other third parties
4. Payment Terms Modification: Include when the addendum involves changes to rent or other financial terms
5. Term Extension: Used when the addendum extends the lease term
6. Property Modifications: Include when changes involve alterations to the property or its use
7. Insurance Requirements: Used when modifications affect insurance obligations
1. Schedule of Amendments: Detailed list of specific clauses being modified, showing original text and new text
2. Updated Payment Schedule: If payment terms are modified, a revised schedule of payments
3. Property Modification Plans: When relevant, plans or specifications for approved property modifications
4. Regulatory Approvals: Copies of any required governmental or regulatory approvals for the modifications
5. Original Lease Agreement: Copy of the original lease agreement for reference
6. Power of Attorney: If applicable, documentation of authority to sign on behalf of either party
Authors
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Logistics
Manufacturing
Religious Institutions
Government and Public Sector
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Management
Corporate Services
Administration
Risk Management
Asset Management
Property Manager
Real Estate Manager
Legal Counsel
Facilities Manager
Operations Director
Contract Administrator
Compliance Officer
Real Estate Director
Asset Manager
Leasing Manager
Property Administrator
Corporate Services Manager
General Counsel
Chief Financial Officer
Real Estate Agent
Business Development Manager
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