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Addendum To Lease Agreement
"I need an Addendum to Lease Agreement to extend our current office lease term by two years until March 2025, and increase the monthly rent by 15% from the current rate, for our commercial property in Mumbai."
1. Parties: Identification of the Landlord and Tenant as per the original lease agreement
2. Background: Reference to the original lease agreement including its date, parties, and property details, and brief context for the addendum
3. Definitions: Key terms used in the addendum, including references to defined terms in the original lease
4. Amendment Details: Specific modifications being made to the original lease, clearly stating both the original clause and the new modified version
5. Effect on Original Lease: Confirmation that all other terms of the original lease remain unchanged and in full force
6. Governing Law: Confirmation that the addendum is governed by Indian law and specific state jurisdiction
7. Execution: Signature blocks for all parties and witnesses
1. Rent Modification: Details of changes to rent amount, payment terms, or schedule - include when rent-related terms are being modified
2. Term Extension: Specific details about lease term extension or modification - include when changing the duration of the lease
3. Additional Premises: Description of any additional space being added to the lease - include when modifying the leased premises
4. Security Deposit Amendment: Changes to security deposit terms or amount - include when modifying deposit requirements
5. Maintenance Responsibilities: Modified terms regarding maintenance and repairs - include when changing responsibility allocation
6. Usage Modification: Changes to permitted use of the premises - include when modifying usage terms
7. Registration Details: Registration requirements and details - include when the addendum requires registration under local laws
1. Schedule A - Modified Floor Plan: Updated floor plan or premises details if the leased area is being modified
2. Schedule B - Revised Rent Schedule: Detailed breakdown of modified rent amounts and payment schedules
3. Schedule C - Additional Terms: Any new terms or conditions being added that are too detailed for the main document
4. Appendix 1 - Original Lease Reference: Copy or relevant excerpts of the original lease agreement being modified
5. Appendix 2 - Property Documents: Updated property documents or certificates if required for the modification
Authors
Real Estate
Retail
Commercial Office
Industrial
Healthcare
Education
Hospitality
Manufacturing
Technology
Banking and Financial Services
Logistics and Warehousing
Legal
Real Estate
Facilities Management
Operations
Finance
Administration
Compliance
Property Management
Asset Management
Corporate Services
Property Manager
Facilities Manager
Real Estate Director
Legal Counsel
Operations Manager
Chief Financial Officer
Asset Manager
Leasing Manager
Commercial Director
Corporate Real Estate Manager
Administration Manager
Compliance Officer
Property Administrator
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