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Vermont Commercial Lease Extension Agreement

This document is part of the Package "Essential Vermont Legal Documents" | 140 docs included
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Vermont Commercial Lease Extension Agreement
Commercial Lease Extension

Agreement

Docstoc Legal Agreements









This Commercial Lease Extension Agreement may be used if the parties wish to

extend the term of the Prior/Original Lease Agreement executed by them on the

terms and conditions akin to those enumerated in the Prior/Original Lease Agreement

and may contain an additional clause providing for revised rent payment.









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Attorney Drafted

COMMERCIAL LEASE EXTENSION AGREEMENT





THIS COMMERCIAL LEASE EXTENSION AGREEMENT is made and entered into

this____ [Month] ____ [Date], 20____, by and between ____________________ [Instruction:

Insert the name of lessor] (hereinafter referred to as "Lessor") and _______________________

[Instruction: Insert the name of lessee] (hereinafter referred to as “Lessee”).





In consideration of the covenants and obligations contained herein and of other good and

valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties

agree as follows:





1. Prior Lease: The parties executed a Lease Agreement dated ________________

[Instruction: Insert the execution date of lease Agreement] (hereinafter “Lease

Agreement”) with a term of lease

Commencing on : _____________ [Month, Day, Year]

Terminating on : _____________ [Month, Day, Year]

All terms, conditions, and provisions of said Lease Agreement are hereby incorporated by

attachment see Exhibit A.





2. Extension of Prior Lease Term: The parties hereby agree to extend and continue the

aforementioned Lease Agreement for an additional term

Commencing on : _____________ [Month, Day, Year]

Terminating on : _____________ [Month, Day, Year]





3. Revised Rent Payments: The rent shall be payable in equal monthly installments of

________ ($___) [Instruction: Insert the amount E.g., twenty thousand dollars only ($

20,000)], payable according to the Lease Agreement.





4. Terms of Lease: It is further provided, however, that all other terms of the Lease shall

continue during this extended term as if set forth herein.







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5. Binding Effect: This agreement shall be binding upon and shall inure to the benefit of the

parties, their successors, assigns and personal representatives.







Lessor Lessee



Sign: _______________________________

_______________________________



Print: _______________________________ _______________________________



Date: _______________________________ _______________________________









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EXHIBIT A



ORIGINAL LEASE AGREEMENT









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Note: Carefully read and follow the Instructions and Comments contained in this document for

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reading and following them. You (or your attorney) may want to make additional modifications

to meet your specific needs and the laws of your state



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