The Commercial Lease Addendum is essential when parties need to modify an existing commercial lease agreement in Canada without creating an entirely new lease. This document is commonly used when circumstances change during a lease term, such as modifications to rent, lease duration, space requirements, or other significant terms. The addendum must align with provincial commercial tenancy laws and properly reference the original lease agreement. It's particularly useful for addressing specific changes while maintaining the validity of the original lease terms that aren't being modified. The document should clearly state which provisions are being amended and how they relate to the original agreement, ensuring legal clarity and enforceability under Canadian law.
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1. Parties: Identification of the landlord and tenant as named in the original lease, including their legal names and addresses
2. Background: Reference to the original lease agreement including date, parties, and property details, and brief explanation of why the addendum is needed
3. Definitions: Key terms used in the addendum, including references to defined terms from the original lease that remain applicable
4. Effect of Addendum: Statement clarifying the relationship between this addendum and the original lease, including which terms remain in effect
5. Modifications to Original Lease: Specific changes to the original lease terms, clearly referencing the sections being modified
6. Additional Provisions: New terms being added to the lease that were not present in the original agreement
7. Confirmation of Lease: Statement confirming that all other terms of the original lease remain unchanged and in full force and effect
8. Execution: Signature blocks for all parties, dates, and witness requirements if applicable
1. Rent Modification: Include when the addendum changes rent amounts, payment terms, or additional charges
2. Term Extension: Include when modifying the lease duration or renewal terms
3. Space Modification: Include when changing the leased premises area or boundaries
4. Use Clause Changes: Include when modifying permitted uses of the premises
5. Security Deposit Adjustment: Include when changing security deposit requirements
6. Insurance Requirements: Include when modifying insurance obligations
7. Maintenance and Repairs: Include when changing responsibilities for maintenance, repairs, or improvements
8. Assignment and Subletting: Include when modifying terms related to assignment or subletting rights
1. Schedule A - Floor Plan: Updated floor plan showing any modifications to the leased premises
2. Schedule B - Rent Schedule: Modified rent payment schedule if rent terms are changed
3. Schedule C - Additional Work: Details of any tenant improvements or modifications to be performed
4. Schedule D - Operating Costs: Updated list of operating costs and allocation if modified
5. Appendix 1 - Original Lease: Copy of the original lease agreement being modified
6. Appendix 2 - Certificates: Updated insurance certificates or other required documentation
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