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Amendment To Lease Agreement
"I need an Amendment to Lease Agreement for our retail space at 123 Business Street, Sydney, to increase the annual rent by 5% and extend the lease term by 3 years from March 1, 2025."
1. Parties: Identification of all parties to the amendment, including the landlord and tenant(s)
2. Background: Recitals identifying the original lease, its date, and any previous amendments
3. Definitions: Key terms used in the amendment, including reference to definitions in the original lease
4. Interpretation: Rules for interpreting the amendment and its relationship with the original lease
5. Effective Date: Specifies when the amendments take effect
6. Amendments: Clearly numbered list of specific modifications to the original lease
7. Confirmation: Statement confirming all other terms of the original lease remain unchanged
8. Governing Law: Confirmation of the jurisdiction governing the amendment
9. Execution: Formal execution block for all parties to sign
1. Consent of Guarantor: Required when the original lease includes a guarantor who must consent to the changes
2. Rent Adjustment: Specific section for amendments involving changes to rent or payment terms
3. Term Extension: Detailed section for amendments that modify the lease duration
4. Premises Modification: Required when the amendment involves changes to the leased premises
5. Registration Requirements: Include when the amendment must be registered with land authorities
6. Conditions Precedent: Include when the amendments are subject to specific conditions being met
7. GST Provisions: Required when amendments affect GST treatment or calculations
1. Schedule 1 - Original Lease: Copy or reference to the original lease document
2. Schedule 2 - Amended Terms: Detailed listing of specific clauses being amended, showing both original and new text
3. Schedule 3 - Updated Premises Plan: Required if amendment involves changes to the premises
4. Schedule 4 - New Rent Schedule: Detailed breakdown of modified rent payments if applicable
5. Appendix A - Consent Documents: Any required third-party consents (e.g., mortgagee consent)
6. Appendix B - Supporting Documents: Any additional documentation supporting the amendments
Authors
Real Estate
Retail
Commercial Property
Industrial
Healthcare
Education
Hospitality
Professional Services
Manufacturing
Logistics
Technology
Legal
Real Estate
Property Management
Finance
Operations
Facilities Management
Asset Management
Compliance
Risk Management
Administration
Property Manager
Legal Counsel
Real Estate Manager
Facilities Manager
Commercial Lease Administrator
Asset Manager
Operations Director
Chief Financial Officer
Lease Compliance Officer
Property Portfolio Manager
Real Estate Director
Tenant Relations Manager
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