Document background
The Lease Agreement Extension Addendum is a critical document used in Pakistani property law when parties wish to extend their existing lease arrangement beyond its original term. This document is essential when both landlord and tenant agree to continue their lease relationship without executing an entirely new lease agreement. It must comply with Pakistani property laws, including the Transfer of Property Act 1882 and relevant provincial rent control regulations. The addendum typically specifies the extension period, any rent adjustments, and confirms which original lease terms remain in effect. It's particularly important in commercial and residential leasing scenarios where maintaining lease continuity is preferred over creating a new agreement. The document needs to be properly executed and may require registration depending on the extension period and local jurisdiction requirements.
