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Addendum For Tenancy Agreement
"I need an Addendum For Tenancy Agreement to extend our current commercial lease term by three years starting from March 1, 2025, with a 10% increase in monthly rent and updated maintenance responsibilities for our retail space in Lahore."
1. Parties: Identification of the Landlord and Tenant as named in the original agreement, including their full legal names, addresses, and any registration numbers if applicable
2. Background: Reference to the original Tenancy Agreement including its date of execution, property details, and brief context for the addendum
3. Definitions: Key terms used in the addendum, including reference to definitions from the original agreement that remain applicable
4. Purpose of Addendum: Clear statement of the reason for the addendum and its relationship to the original agreement
5. Amendments: Specific modifications to the original agreement, clearly stating which clauses are being modified, added, or removed
6. Effect on Original Agreement: Confirmation that all other terms and conditions of the original agreement remain in full force and effect
7. Governing Law: Confirmation that the addendum is governed by Pakistani law and specific provincial regulations
8. Execution: Signature blocks for all parties, including witness requirements as per Pakistani law
1. Additional Parties: Required when new parties are being added to the agreement or guarantors are being changed
2. Regulatory Compliance: Include when the addendum is necessitated by changes in local regulations or compliance requirements
3. Religious Compliance: Section addressing compliance with Islamic principles of contracts, if specifically required
4. Dispute Resolution: Include when modifying the original dispute resolution procedures
5. Registration Requirements: Include when the addendum requires separate registration under local laws
1. Schedule of Amendments: Detailed listing of all specific changes to clauses in the original agreement
2. Updated Property Details: If the addendum involves any changes to the property description or included amenities
3. Modified Payment Schedule: If the addendum involves changes to rent amounts, payment dates, or methods
4. Consent Documents: Any required third-party consents or regulatory approvals related to the modifications
Authors
Real Estate
Property Management
Commercial Property
Residential Property
Retail
Office Space
Industrial Property
Hospitality
Education
Healthcare
Legal
Real Estate
Property Management
Facilities Management
Operations
Compliance
Asset Management
Contract Administration
Tenant Relations
Administrative Services
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Compliance Officer
Real Estate Agent
Leasing Manager
Asset Manager
Operations Manager
Contract Administrator
Property Administrator
Real Estate Director
Legal Administrator
Tenant Relations Manager
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