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Addendum To Lease
"I need an Addendum to Lease to increase the monthly rent by 15% and extend the lease term for our commercial property in Lahore until March 2025, with all other original lease terms remaining unchanged."
1. Parties: Identification of the landlord and tenant as they appear in the original lease agreement
2. Background: Reference to the original lease agreement including its date, parties, and property details, establishing the context for the addendum
3. Definitions: Key terms used in the addendum, especially new terms not defined in the original lease
4. Effective Date: The date when the modifications take effect
5. Modifications: Specific changes to the original lease, clearly stating both the original clause and the new modified version
6. Ratification: Statement confirming that all other terms of the original lease remain unchanged
7. Governing Law: Confirmation that the addendum is governed by Pakistani law and specific provincial regulations
8. Execution: Signature blocks for all parties and witnesses as required under Pakistani law
1. Rent Modification: Detailed section for changes in rent amount or payment terms, required when rent terms are being modified
2. Term Extension: Section specifying the extension of lease duration, required when modifying the lease term
3. Property Modifications: Section describing any changes to the property use or allowed modifications, included when changing property usage terms
4. Additional Occupants: Section for adding or removing authorized occupants, used when modifying occupancy terms
5. Security Deposit Adjustment: Section detailing changes to security deposit requirements, included when modifying deposit terms
6. Utilities and Services: Section for modifications to utility payment responsibilities or service arrangements
7. Registration Details: Required when the addendum needs registration under the Registration Act
1. Schedule A - Modified Rent Schedule: Detailed breakdown of new rent amounts and payment schedules, if rent terms are modified
2. Schedule B - Property Modifications: Detailed plans or specifications for approved property modifications or renovations
3. Schedule C - Updated Floor Plan: If the addendum involves changes to the leased space or property boundaries
4. Appendix 1 - Consent Documents: Any required third-party consents or approvals for the modifications
5. Appendix 2 - Supporting Documentation: Additional documents supporting the modifications such as building permits or certificates
Authors
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Healthcare
Education
Hospitality
Office Space
Manufacturing
Warehousing
Technology
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Administration
Property Management
Asset Management
Risk Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Lease Administrator
Property Administrator
Real Estate Director
Operations Manager
Asset Manager
Compliance Officer
Chief Financial Officer
Real Estate Agent
Property Owner
Business Owner
Contract Manager
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