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Lease Extension Addendum for Canada

Lease Extension Addendum Template for Canada

This document serves as a legal addendum to an existing lease agreement in Canada, enabling parties to extend the duration of their current lease arrangement while maintaining or modifying specific terms and conditions. It incorporates provisions that comply with Canadian federal and provincial tenancy laws, ensuring the extension is legally binding and enforceable. The document includes essential elements such as the extended term duration, any rent adjustments, and confirmation of continuing obligations from the original lease, while adhering to specific provincial requirements for lease modifications and tenant rights.

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What is a Lease Extension Addendum?

The Lease Extension Addendum is a critical document used when parties wish to continue their existing lease relationship beyond the original term without creating an entirely new lease agreement. This document is particularly relevant in the Canadian legal context, where both federal and provincial regulations govern tenancy relationships. It's commonly used in situations where both landlord and tenant are satisfied with their current arrangement and wish to extend it with minimal modifications. The addendum typically includes the extension period, any rent adjustments, and confirmation of existing terms, while ensuring compliance with provincial tenancy laws. This document type is especially useful for maintaining business continuity, avoiding the complexity of negotiating an entirely new lease, and preserving favorable terms from the original agreement.

What sections should be included in a Lease Extension Addendum?

1. Parties: Identification of the landlord and tenant(s) with their full legal names and addresses

2. Background: Reference to the original lease agreement, including its date and subject property

3. Definitions: Key terms used in the addendum, including references to defined terms in the original lease

4. Extension Term: Specification of the new lease term, including start and end dates

5. Rent and Payment Terms: Details of rent amount, payment schedule, and any adjustments for the extension period

6. Confirmation of Original Terms: Statement confirming that all other terms and conditions of the original lease remain in effect

7. Binding Effect: Declaration that the addendum is legally binding on all parties

8. Execution: Signature block for all parties and date of signing

What sections are optional to include in a Lease Extension Addendum?

1. Rent Adjustment Mechanism: Details of any rent increases or adjustments during the extension period, used when rent will change during the extended term

2. Property Improvements: Description of any agreed renovations or improvements to be made during the extension period

3. Additional Terms: Any new terms or modifications to the original lease terms, used when changes beyond the extension are needed

4. Security Deposit Adjustment: Changes to security deposit requirements, if applicable

5. Early Termination Rights: Specific conditions under which either party may terminate the lease during the extension period

6. Insurance Requirements: Updated insurance requirements for the extension period, if different from original lease

7. Utilities and Services: Changes to responsibility for utilities or services, if different from original lease

What schedules should be included in a Lease Extension Addendum?

1. Schedule A - Original Lease: Copy of the original lease agreement being extended

2. Schedule B - Property Description: Detailed description of the leased premises, including any changes to the space

3. Schedule C - Rent Schedule: Detailed breakdown of rent payments and due dates for the extension period

4. Appendix 1 - Property Condition Report: Current condition of the property at the time of extension

5. Appendix 2 - Maintenance Requirements: Updated maintenance and repair responsibilities during the extension period

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Ƶ

Document Type

Amendment Agreement

Cost

Free to use
Relevant legal definitions

























Clauses
























Relevant Industries

Real Estate

Retail

Commercial Office Space

Industrial

Residential Property

Healthcare

Education

Hospitality

Manufacturing

Warehousing

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Administration

Finance

Property Management

Asset Management

Risk Management

Procurement

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Operations Manager

Business Owner

Real Estate Agent

Leasing Manager

Asset Manager

Contract Administrator

Real Estate Director

Tenant Coordinator

Corporate Real Estate Manager

Chief Operating Officer

Office Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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