Renewal and Extension of Commercial Lease

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									This attorney drafted commercial lease renewal and extension sets forth the revised
terms of a currently existing commercial lease between a tenant and landlord, while
preserving all other terms of the initial lease. In the agreement the parties can specify
the period of time that the lease term will be extended, the amount of rent tenant shall
pay and an additional security deposit to be paid by the tenant. This form should be
used by attorneys, landlords, management agents, and commercial lease tenants to
preserve their rights in a mutual lease extension situation.
                            Renewal and Extension of Commercial Lease

           As of this ___ day of ___, 20__ [Instruction: Insert date.] and FOR VALUE
RECEIVED, the sufficiency of which is hereby acknowledged, and in consideration of the
mutual covenants set forth herein and other good and valuable consideration,
_________________________, [Instruction: Insert Landlord’s name.] as Landlord
(“Landlord”) and ________________________, [Instruction: Insert Tenant’s name.] as
Tenant (“Tenant”) mutually agree to extend the term of that certain lease dated as of ____
[Instruction and Comment: Insert original lease date. If additional lease modifications,
amendments or extensions have been entered into, recite those here as well.] (“Lease”), for
that certain property known as _____. [Instruction: Insert property address.] The terms of
this certain renewal and extension of commercial lease (“Lease Extension”) are as follows:

1.         Landlord and Tenant each agree to extend the Lease term for a period of ___________
    [Instruction: Insert renewal period.] commencing on ______ [Instruction: Insert
    commencement date of renewal and extension.], and terminating on ____ [Instruction:
    Insert termination date of renewal and extension.] with no further right of renewal or
    extension beyond said termination date, except as may otherwise be agreed to between
    Landlord and Tenant.
2.        During the extended term, Tenant shall pay Landlord rent of $__________________
    [Instruction: Insert new rent amount.] payable in advance.
3.        Tenant shall pay to Landlord within ten (10) days hereof an additional security deposit
    in the amount of $_____. [Instruction: Insert additional security deposit amount to be
    given, if any. If inapplicable, delete.]
4.        It is further provided, however, that all other terms of the Lease and any applicable
    modification, extension, amendment shall continue during this extended term as if set forth
    herein.
5.        This agreement shall be binding upon and shall inure to the benefit of the parties, their
    successors, assigns and personal representatives.
6.        Any term used herein which is not defined herein shall have the meaning set forth in
    the Lease or any applicable modification, extension or amendment.
7.        This Lease Extension shall be governed by and construed in accordance with the laws
    of the state of _____. [Instruction: Insert state.]
8.        The pronouns used herein shall include, where appropriate, either gender or both,
    singular and plural.
9.        If any provision of this agreement or the application thereof shall, for any reason and to
    any extent, be invalid or unenforceable, neither the remainder of this agreement nor the
    application of the provision to other persons, entities or circumstances shall be affected
    thereby, but instead shall be enforced to the maximum extent permitted by law.
10.       It is understood and agreed that the terms and conditions contained herein constitute the
    entire agreement between the parties hereto and there are no covenants, representations,
    warranties or agreements whether express or implied except as expressly set out herein.
11.       This document or any subsequent amendment thereto may be executed by facsimile
    and/or in one or more counterparts, each of which when so executed and delivered shall be
    deemed an original, but all of which taken together shall constitute but one and the same



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    original. Each party shall accept any such signed faxed counterpart as full execution of this
    document or any subsequent amendment thereto.

In Witness Whereof, this Lease Extension is entered into this __ day of __, 20__. [Instruction:
Insert date.]

______________
Guarantor
______________
Landlord

    [Comment: Parties should ensure jurisdictionally applicable acknowledgment is
    inserted here, as necessary.]




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