A commercial lease amendment allows the landlord and tenant of a commercial rental property to update the terms of their lease agreement. Unlike an addendum, which adds additional terms to a lease, an amendment is used to remove, replace, or alter its language and provisions. Both parties must sign the document to make it legally binding.
A commercial lease amendment allows the landlord and tenant of a commercial rental property to update the terms of their lease agreement. Unlike an addendum, which adds additional terms to a lease, an amendment is used to remove, replace, or alter its language and provisions. Both parties must sign the document to make it legally binding.
PDF DownloadA commercial lease amendment allows the landlord and tenant of a commercial rental property to update the terms of their lease agreement. Unlike an addendum, which adds additional terms to a lease, an amendment is used to remove, replace, or alter its language and provisions. Both parties must sign the document to make it legally binding.
Downloads: 120There are several reasons for a commercial lease to be amended including:
1. THE PARTIES. This Commercial Lease Amendment (“Amendment”) made this [DATE] , is by and between:
Landlord: [LANDLORD’S NAME] (“Landlord”) and
Tenant: [TENANT’S NAME] (“Tenant”).
The Landlord and Tenant are each referred to herein as a “Party” and, collectively, as the “Parties.”
2. EXISTING LEASE. The Parties agree to amend a lease signed by both the Landlord and Tenant on [ORIGINAL LEASE DATE] , for the property located at [RENTAL PROPERTY ADDRESS] (“Existing Lease”).
3. AMENDMENTS. The following terms of the Existing Lease are amended as follows:
[INSERT THE LEASE AMENDMENTS]
All other portions of the terms and conditions of the Existing Lease shall remain in full force and effect.
4. EXECUTION. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.
Landlord’s Signature: ___________________ Date: ___________
Print Name: ___________________
Tenant’s Signature: ___________________ Date: ___________
Print Name: ___________________