Lease Amendment Agreement
A Lease Amendment Agreement is a contract between the owner of a certain space (Landlord) and a party who has leased the space under a previous lease (Tenant). This Amendment Agreement is used when the parties want to make minor changes to the Lease. Please note that all rights and obligations contained in the original Lease remain in effect except as modified by this Amendment Agreement.
*This Amendment Agreement is intended to be used for commercial leases.
Parties to this document
Landlord: owner of the premises
Tenant: party occupying the premises
When to use this agreement?
To make minor changes to the Lease such as:
- Setting a new term (duration)
- Modify the rent to be paid
- Add or modify the security deposit held by the Landlord
- Give Tenant the option to extend the term of the lease
- Any other minor amendments to the Lease
Before completing this form, please determine:
- Names and addresses of the Landlord and Tenant as well as names of any representatives
- Date of original Lease
- Address of property
- Determine if changes are required to:
- The term (duration) of the lease
- The rent paid: you can choose to either set a new rent amount or make gradual increases to the rent during the renewal term
- The security deposit: you can choose to not have one, use the deposit already provided to the Landlord or provide a new deposit.
- Whether Tenant should be given the option to renew the lease a certain number of times and if so:
- number of times Tenant may renew
- rent amount if Tenant exercises these options to renew
- notice period for exercise of such options before the end of the renewal period
- Whether any additional amendments should be included and if so, list of amendments to be made
Specifications of this Lease Amendment Agreement
- Landlord and Tenant can be individuals, registered businesses, corporations or partnerships.
- Attach a copy of the original Lease between the Landlord and the Tenant to Schedule A of this Lease Amendment Agreement
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