Document background
The Lease Extension Addendum is a crucial document used when parties wish to extend an existing lease agreement rather than creating an entirely new lease. This document is particularly relevant in the Irish property market where both commercial and residential leases often require extension beyond their initial terms. It's designed to comply with Irish property law requirements, including the Landlord and Tenant (Amendment) Act 1980 and the Residential Tenancies Act 2004 where applicable. The addendum typically includes essential information such as the extension period, any rent adjustments, continued obligations, and any modifications to the original lease terms. It's a more streamlined alternative to creating a new lease while maintaining legal certainty for all parties involved.
