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Lease Renewal Form With Rent Increase
"I need a Lease Renewal Form With Rent Increase for my commercial property in Cardiff, implementing a 5% rent increase from March 2025, while maintaining all other terms from the original lease agreement."
1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease and basis for renewal
3. Definitions: Key terms used in the renewal agreement
4. Term: Duration of the renewed lease
5. Rent: New rent amount and payment terms
6. Confirmation of Other Terms: Statement confirming continuation of other original lease terms
7. Execution: Signature blocks for all parties
1. Break Clause: Optional termination rights, include if agreed between parties
2. Rent Review Provisions: Include if future rent reviews are planned during renewal term
3. Modification of Original Terms: Include if any original lease terms are being modified
4. Guarantor Provisions: Include if original lease had guarantor who is continuing
1. Schedule of Condition: Updated property condition report if required
2. Schedule of Alterations: List of permitted alterations if any new ones agreed
3. Copy of Original Lease: Attached as reference document
4. Rent Payment Schedule: Detailed breakdown of new rent payments and dates
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