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Lease Extension Addendum
"I need a Lease Extension Addendum for my commercial office space in Singapore CBD, extending the current lease for 2 years from March 2025, with a 5% increase in monthly rent and updated maintenance obligations."
1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease agreement, its date, and parties' desire to extend the lease term
3. Definitions: Key terms used in the addendum including 'Original Lease', 'Extension Term', 'Extended Expiry Date'
4. Extension Term: Specific details of the extension period including start date and end date
5. Rent: Rental amount applicable during the extension period and payment terms
6. Continuing Effect: Confirmation that all other terms and conditions of the Original Lease remain in full force and effect
1. Security Deposit Adjustment: Used when there are changes to the security deposit amount during the extension period
2. Modified Terms: Used when any terms from the original lease are being amended for the extension period
3. Break Clause: Used when either party requires early termination rights during the extension period
4. HDB Compliance: Used for HDB properties to ensure compliance with Housing Development Board regulations
1. Original Lease: Copy of the original lease agreement as reference
2. Property Details: Current description and condition of the property
3. Modified Terms Schedule: Detailed list of any terms being modified from the original lease
4. Regulatory Compliance Checklist: Checklist confirming compliance with relevant Singapore property regulations
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