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Lease Extension Addendum
"I need a Lease Extension Addendum for my Dubai office space lease that extends the current term by 2 years starting March 1, 2025, with a 5% annual rent increase and quarterly payment terms."
1. Parties: Identification of the Landlord and Tenant with their full legal names and details as they appear in the original lease
2. Background: Reference to the original lease agreement, its date, property details, and current expiry date
3. Definitions: Key terms used in the addendum, including references to defined terms in the original lease that remain applicable
4. Extension Term: Clear specification of the new extended period, including start and end dates
5. Rent and Payment Terms: Confirmation of rent amount for the extension period and payment schedule
6. Confirmation of Original Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect
7. Governing Law: Confirmation that the addendum is governed by UAE law and relevant emirate-specific regulations
8. Execution: Signature blocks for all parties and date of signing
1. Rent Review: Include when there is a change in rent amount during the extension period
2. Additional Terms: Include when new terms or modifications to existing terms are being added alongside the extension
3. Break Clause: Include when either party is given the right to terminate during the extension period
4. Maintenance and Repairs: Include when there are changes to maintenance responsibilities during the extension period
5. Security Deposit Adjustment: Include when there are changes to the security deposit amount or terms
6. Registration Requirements: Include when specific registration with authorities (e.g., RERA or Tawtheeq) is required for the extension
1. Schedule 1 - Original Lease: Copy of the original lease agreement being extended
2. Schedule 2 - Property Details: Updated description and/or floor plans of the leased property if any changes
3. Schedule 3 - Payment Schedule: Detailed breakdown of rent payments and due dates for the extension period
4. Appendix A - Authority Approvals: Copies of any required regulatory approvals or registrations
5. Appendix B - Condition Report: Updated condition report of the property at the time of extension, if required
Authors
Real Estate
Commercial Property
Residential Property
Retail
Hospitality
Industrial
Office Space
Healthcare
Education
Logistics
Legal
Real Estate
Property Management
Operations
Facilities Management
Compliance
Asset Management
Contract Administration
Tenant Relations
Property Administration
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contracts Manager
Asset Manager
Operations Manager
Leasing Manager
Real Estate Director
Compliance Officer
Property Administrator
Tenant Relations Manager
Real Estate Officer
Legal Administrator
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