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Lease Extension Addendum

Lease Extension Addendum Template for Malaysia

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Key Requirements PROMPT example:

Lease Extension Addendum

"I need a Lease Extension Addendum for my commercial property in Kuala Lumpur, extending the current lease for an additional 3 years from January 1, 2025, with a 10% increase in rent but keeping all other terms the same."

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Document background
The Lease Extension Addendum is essential when parties wish to continue their landlord-tenant relationship beyond the original lease term without executing an entirely new lease agreement. This document is commonly used in Malaysia across various property types, from residential to commercial spaces. It must comply with Malaysian property laws, including the National Land Code 1965 and state-specific regulations. The addendum typically specifies the extension period, any rent adjustments, and confirms which original lease terms remain in effect. It's particularly useful when both parties are satisfied with the existing arrangement but need to formalize the extended duration of their agreement.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant as per the original lease agreement

2. Background: Reference to the original lease agreement, its date, and current expiry date

3. Definitions: Key terms used in the addendum, including references to defined terms in the original lease

4. Extension Term: Specific details of the extension period, including start and end dates

5. Rent and Payment Terms: Confirmation of rent amount for the extension period and payment arrangements

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

7. Execution: Signature blocks for all parties and witnesses

Optional Sections

1. Modified Terms: Only included if any original lease terms are being modified for the extension period

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

3. Renovation or Improvement Works: Include if any renovation or improvement works are permitted or required during the extension period

4. Option for Further Extension: Include if granting an additional option to extend beyond this extension period

5. Break Clause: Include if either party is being granted early termination rights during the extension period

6. Condition Precedents: Include if there are any conditions that must be met before the extension takes effect

Suggested Schedules

1. Property Description: Details of the leased property as per the original lease

2. Rent Schedule: If applicable, detailed breakdown of rent payments or increases during the extension period

3. Modified Terms Schedule: Detailed list of any terms from the original lease that are being modified

4. Condition Report: Current condition of the property at the time of extension, if required

5. Copy of Original Lease: Attached as reference document

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

Commercial Property

Residential Property

Retail

Industrial

Office Space

Hospitality

Healthcare

Education

Manufacturing

Warehousing

Agriculture

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Administration

Property Management

Asset Management

Commercial

Relevant Roles

Property Manager

Facilities Manager

Real Estate Manager

Legal Counsel

Contract Administrator

Leasing Manager

Asset Manager

Operations Manager

Company Secretary

Chief Financial Officer

Commercial Director

Real Estate Director

Compliance Officer

Property Administrator

Tenant Relations Manager

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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