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Commercial Lease Addendum
"I need a Commercial Lease Addendum to modify the permitted use clause of our retail unit lease to allow for food service, and to increase the annual rent by 15% effective from March 1, 2025."
1. Parties: Details of the landlord and tenant, including registered addresses
2. Background: Reference to original lease and reason for addendum
3. Definitions: Key terms used in the addendum, including reference to original lease definitions
4. Amendments: Specific changes being made to the original lease
5. Confirmation: Statement that all other lease terms remain unchanged
6. Execution: Signature blocks and execution formalities
1. Effective Date: Used when amendments need to take effect on a specific date different from execution date
2. Consideration: Used when payment is being made for the changes to specify payment details
3. Landlord's Consent: Used when property is subject to a superior lease requiring additional consent
1. Original Lease: Copy of the lease being amended
2. Plans: Updated plans if premises are being altered
3. Superior Landlord's Consent: Written consent from superior landlord if required
4. Board Resolutions: Company resolutions authorizing the variation if required
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