Commercial Lease Addendum Template

How to Make an Addendum on a Commercial Lease?

Here is how you can draft an Addendum to a Commercial Lease:

1. Write down the title "Commercial Lease Addendum" and enter the names and addresses of the parties.
2. Certify the intention of the owner or property manager and tenant to change the contract they have previously signed . Briefly record the details of the original lease - the date of signing, the title of the document, and the commercial estate rented by the company.
3. In case you are adding new details to a certain condition, it is better to refer to it by fully quoting it - the lack of ambiguity will help you to avoid confusion. Record the new wording of the clause after you mention the old one.
4. Indicate the date when the new clause will come into force - alternatively, it may start automatically upon signing if the document contains a date.
5. Confirm the addendum is an integral part of the lease . If the parties agree on it, the validity of the new clause can have the same duration as the lease or the modification can apply for a limited time. For instance, a business that rents property for the office can be permitted to sublet the rental unit transferring their rental rights to another company while the business activity of the former is temporarily suspended.
6. Date and sign the addendum and keep it with the copy of the lease . While there is no legal requirement to notarize the lease, the parties may decide a notary seal is necessary as an extra level of protection for their deal.

Haven't found the template you're looking for? Take a look at the related templates below:

• Lease Amendment Template;
• Closing Date Extension Addendum Template;
• Short-Sale Addendum Template.