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Addendum To Renew Lease Agreement

Addendum To Renew Lease Agreement Template for Switzerland

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Key Requirements PROMPT example:

Addendum To Renew Lease Agreement

"I need an Addendum to Renew Lease Agreement for our retail space in Zurich, extending the current lease for three more years from March 1, 2025, with a 5% rent increase and updated maintenance terms to include the tenant's responsibility for HVAC system maintenance."

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Document background
The Addendum To Renew Lease Agreement is a critical document used in Swiss real estate practice when parties wish to extend their existing lease relationship beyond the original term. This document type is governed by Swiss law, specifically the Swiss Code of Obligations (Obligationenrecht) and relevant cantonal regulations, and is used for both residential and commercial properties. It serves to formally document the renewal terms, including the extended duration, any rent adjustments, and modifications to the original agreement while maintaining the validity of unchanged terms. The addendum is particularly important in Switzerland's highly regulated rental market, where both landlords and tenants need clear documentation of their continued obligations. It can be used for simple renewals with minimal changes or more complex situations involving substantial modifications to the original terms.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including their full legal names and addresses

2. Background: Reference to the original lease agreement, including its date and parties, and statement of intention to renew

3. Definitions: Key terms used in the addendum, particularly those referenced from the original lease

4. Renewal Term: Specific details of the renewal period, including start and end dates

5. Rent: Confirmation of rent amount for the renewal period, including any adjustments

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

7. Binding Effect: Statement that the addendum becomes part of the original lease agreement

8. Execution: Signature blocks for all parties and date of execution

Optional Sections

1. Modifications to Original Terms: Include when any terms besides duration and rent are being modified in the renewal

2. Security Deposit Adjustment: Include if there are any changes to the security deposit amount

3. Maintenance and Repairs: Include if there are any new agreements regarding maintenance responsibilities

4. Property Improvements: Include if any renovations or improvements are agreed upon as part of the renewal

5. Insurance Requirements: Include if there are any changes to insurance requirements

6. Early Termination Rights: Include if specific early termination provisions are being added or modified

7. Utilities and Services: Include if there are any changes to utility or service responsibilities

Suggested Schedules

1. Schedule A - Rent Payment Schedule: Detailed breakdown of rent payments for the renewal period, including any stepped increases

2. Schedule B - Modified Terms: Detailed list of any specific terms being modified from the original lease

3. Schedule C - Property Condition Report: Updated condition report of the property at the time of renewal

4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement for reference

5. Appendix 2 - Proof of Insurance: Updated insurance certificates if required

Authors

Alex Denne

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

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Retail

Office Space

Industrial

Hospitality

Healthcare

Education

Manufacturing

Logistics

Professional Services

Banking and Financial Services

Technology

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Administration

Compliance

Property Management

Asset Management

Contract Management

Relevant Roles

Property Manager

Facility Manager

Real Estate Manager

Legal Counsel

Contract Administrator

Operations Manager

Asset Manager

Leasing Manager

Real Estate Director

Compliance Officer

Finance Manager

Administrative Manager

Business Operations Director

Company Secretary

General Counsel

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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