Commercial Lease Addendum Template

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A commercial lease addendum is a document that adds to the terms of an existing commercial lease. It’s generally used when the landlord and tenant want to introduce additional rental conditions without terminating the original agreement.

Commercial Lease Addendum Template

A commercial lease addendum is a document that adds to the terms of an existing commercial lease. It’s generally used when the landlord and tenant want to introduce additional rental conditions without terminating the original agreement.

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Last updated January 30th, 2024

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A commercial lease addendum is a document that adds to the terms of an existing commercial lease. It’s generally used when the landlord and tenant want to introduce additional rental conditions without terminating the original agreement.

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Common Terms

A commercial lease addendum can be used to adjust or expand upon a variety of terms in an existing rental agreement, such as:

  • Payment Terms – If the original lease didn’t specify when or how the tenant must pay rent, the landlord could clarify these terms using a commercial lease addendum.
  • Subleasing – An addendum can grant subleasing rights, allowing the tenant to rent out a portion of their commercial space to another business entity.
  • Lease Duration – The parties can use a lease addendum to extend the original lease without affecting other terms in the rental agreement.
  • Renewal Options – Landlords can use an addendum to add a lease renewal provision to the rental agreement. Unlike a lease extension, a lease renewal generally involves an increase in the monthly rent.
  • Expense Obligations – A commercial lease addendum can reassign maintenance costs, utility fees, and other expense obligations.

Sample

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COMMERCIAL LEASE ADDENDUM
1. THE PARTIES. This Lease Addendum (“Addendum”), made effective as of [MM/DD/YYYY], is by and between:

Landlord: [LANDLORD NAME] (“Landlord”) and

Tenant: [TENANT NAME] (“Tenant”).

The Landlord and Tenant are each referred to herein as a “Party” and, collectively, as the “Parties.”

2. ORIGINAL LEASE. This Addendum is being added to the lease agreement between the Parties, dated [MM/DD/YYYY], for the property located at [RENTAL PROPERTY ADDRESS] (“Original Lease”).

3. ADDITIONAL TERMS. The following terms and conditions shall be added to the Original Lease: [PROVIDE ADDITIONAL TERMS].

Except as specifically mentioned in this Addendum, all other terms and conditions of the Original Lease shall remain in full force and effect.

4. EXECUTION. This Addendum 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.

Landlord Signature: ___________________ Date: [MM/DD/YYYY]
Print Name: [LANDLORD NAME]

Tenant Signature: ___________________ Date: [MM/DD/YYYY]
Print Name: [TENANT NAME]