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Commercial Lease Agreement Addendum

The Commercial Lease Agreement Addendum is a document that outlines additional terms and conditions to be added to a commercial lease agreement.

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Service Description

A Commercial Lease Agreement Addendum is a legal document that modifies and supplements the terms of an existing commercial lease agreement. It is typically used to reflect changes that have occurred during the course of the lease term that were not initially anticipated or addressed in the original lease agreement.

The purpose of the addendum is to clarify or modify certain terms of the lease agreement, while preserving the overall structure and integrity of the lease. It is important to note that the addendum does not replace the original lease, but rather adds to it.

Some common reasons why a commercial lease agreement addendum may be necessary include changes to the rent amount, changes to the duration of the lease term, alterations to the permitted use of the leased space, or updating the parties’ contact information.

A Commercial Lease Agreement Addendum typically contains several key elements. These may include a statement of the parties’ intent to modify the existing lease agreement, a detailed description of the changes being made, and any necessary signatures from all parties involved.

It is important to carefully review and understand the terms of the addendum before signing it, as it may have significant implications for the lease. Failure to properly review and understand the terms of the addendum can lead to disputes or legal issues down the road.

Overall, a Commercial Lease Agreement Addendum is a useful tool for modifying the terms of a commercial lease agreement when changes occur during the course of the lease term. It is important to consult with legal counsel to ensure that the addendum is drafted properly and accurately reflects the parties’ intentions.

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