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Addendum Form For Rental Agreement

Addendum Form For Rental Agreement Template for Pakistan

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Addendum Form For Rental Agreement

"I need an Addendum Form For Rental Agreement to modify an existing commercial lease agreement in Lahore, Pakistan, specifically to increase the monthly rent by 15% and extend the lease term by two years from March 2025."

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Document background
The Addendum Form For Rental Agreement is essential when parties need to modify an existing rental agreement in Pakistan without creating an entirely new contract. This document is commonly used when changes are required to the original lease terms, such as rent adjustments, tenure modifications, addition or removal of parties, or alterations to property use conditions. It must comply with Pakistan's Transfer of Property Act 1882, the Contract Act 1872, and provincial rent control laws, which may require specific formalities such as registration and stamp duty payment. The addendum preserves the validity of the original agreement while clearly documenting agreed changes, making it particularly valuable for both residential and commercial property relationships where circumstances have changed since the original agreement was executed.
Suggested Sections

1. Parties: Identification of the landlord and tenant as named in the original rental agreement

2. Background: Reference to the original rental agreement, including its date of execution and basic terms

3. Definitions: Key terms used in the addendum, incorporating definitions from the original agreement where relevant

4. Purpose of Addendum: Clear statement of which aspects of the original agreement are being modified

5. Modifications: Detailed description of the specific changes being made to the original agreement

6. Effect on Original Agreement: Statement that all other terms of the original agreement remain in full force and effect

7. Governing Law: Confirmation that the addendum is governed by Pakistan law and specific provincial regulations

8. Execution: Signature blocks for all parties, including witnesses as required under Pakistani law

Optional Sections

1. Additional Parties: Required when new parties are being added to the agreement

2. Consideration: Include when there is a monetary exchange or other consideration for the modification

3. Registration Details: Required when the addendum needs to be registered under the Registration Act

4. Stamp Duty Declaration: Include when stamp duty is applicable to the addendum

5. Effective Date: Include when the modifications take effect on a date different from the signing date

6. Duration of Modification: Required when the modification is temporary or has a specific time limit

Suggested Schedules

1. Schedule of Modifications: Detailed list of specific changes to individual clauses in the original agreement

2. Updated Rent Schedule: If the modification involves rent changes, detailed breakdown of new rent amounts and payment dates

3. Property Modifications: If the addendum relates to property alterations, detailed specifications of approved changes

4. Additional Terms and Conditions: Any new terms being added that are too detailed for the main body of the addendum

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
Relevant legal definitions




















Clauses




















Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

Industrial

Agriculture

Education

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Operations

Facilities

Administrative

Risk Management

Document Management

Asset Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Lease Administrator

Property Owner

Asset Manager

Facilities Manager

Compliance Officer

Real Estate Operations Manager

Contract Administrator

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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