Commercial Lease Addendum Template

Disclaimer

The material provided is intended solely as a general example for informational purposes. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in commercial leasing or real estate law. Laws and regulations may vary depending on the state or jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

This is a sample Commercial Lease Addendum template. Please note that specific details may vary depending on conditions and legal requirements. Adjust the content accordingly for your particular agreement.

Commercial Lease Addendum Sample

Parties Involved:

Landlord: ABC Properties LLC
Address: 789 Business Park Drive, Springfield, IL 62704

Tenant: XYZ Retail Inc.
Address: 456 Commercial Lane, Springfield, IL 62705

Description of the Lease Property:

The leased premises consist of approximately 5,000 square feet located at 101 Main Street, Springfield, IL 62704, including rights to use parking areas and shared amenities as specified in the original lease agreement.

Additional Terms and Conditions:

This addendum supplements and amends the original lease agreement dated ______________________. All terms not explicitly modified herein remain in full force and effect.

• Rent shall increase by 5% commencing on the first day of the anniversary month of the lease.
• Tenant shall obtain and maintain all necessary permits for the operation of its business at the leased premises.
• Landlord shall provide improvements and signage approvals prior to installation or modifications.
• Tenant shall carry insurance coverage as specified in the original lease and provide proof upon request.
• Any dispute under this addendum shall be resolved in accordance with the dispute resolution provisions of the original lease agreement.

Springfield, ______________________