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Addendum For Tenancy Agreement
"I need an Addendum For Tenancy Agreement to increase the monthly rent by 15% and extend the lease term for an additional two years starting from March 1, 2025, for my commercial property in Mumbai."
1. Parties: Identification of all parties to the original tenancy agreement, including their current addresses and contact details
2. Background: Reference to the original tenancy agreement, including its date of execution and registration details (if any)
3. Definitions: Key terms used in the addendum, particularly any new terms not defined in the original agreement
4. Purpose of Addendum: Clear statement of why the addendum is being created and its relationship to the original agreement
5. Modifications to Original Agreement: Specific clauses being modified, with clear reference to the original clause numbers and the new terms
6. Effect on Original Agreement: Statement confirming that all other terms of the original agreement remain unchanged
7. Governing Law: Confirmation that the addendum is governed by Indian law and the specific state jurisdiction
8. Execution: Signature blocks for all parties, including witnesses if required
1. Rent Modification: Required when changes to rent amount, payment schedule, or method are being made
2. Term Extension: Used when modifying the duration of the original tenancy agreement
3. Additional Occupants: Required when adding or removing authorized occupants from the original agreement
4. Maintenance Responsibilities: Used when modifying the maintenance and repair obligations of either party
5. Security Deposit Adjustment: Required when making changes to the security deposit amount or terms
6. Property Modifications: Used when allowing or restricting specific modifications to the property
7. Utility Responsibilities: Required when changing the allocation of utility payment responsibilities
1. Schedule A - Modified Rent Details: Detailed breakdown of new rent structure, payment dates, and methods if applicable
2. Schedule B - Property Modification Plans: Drawings, specifications or details of approved property modifications if applicable
3. Schedule C - Updated Inventory List: Revised list of fixtures, fittings, and furnishings if changes are being made
4. Appendix 1 - Supporting Documents: Copies of relevant documents referenced in the addendum (e.g., maintenance quotes, utility agreements)
5. Appendix 2 - Photographs: Current condition photographs if relevant to the modifications being made
Authors
Real Estate
Residential Property
Commercial Property
Industrial Property
Retail
Hospitality
Office Space
Co-working Space
Educational Institutions
Healthcare Facilities
Legal
Real Estate
Facilities Management
Property Management
Operations
Compliance
Administrative Services
Contract Administration
Asset Management
Tenant Relations
Property Manager
Real Estate Manager
Legal Counsel
Facilities Manager
Asset Manager
Leasing Manager
Compliance Officer
Real Estate Administrator
Property Administrator
Contract Manager
Housing Officer
Tenant Relations Manager
Real Estate Operations Manager
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