This Commercial Lease Extension Agreement may be used if the parties to a lease wish to extend the term of their original lease agreement. The terms of this extension are similar to the underlying original lease, however, the user can customize the document if the parties wish to revise the amount of rental payments. This document is ideal for small businesses or other entities located in Pennsylvania who wish to extend their commercial lease with terms similar to the original lease.
Commercial Lease Extension Agreement 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 ocstoc Legal Agreements terms and conditions akin to those enumerated in the Prior/Original Lease Agreement and may contain an additional clause providing for revised rent payment. ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY, INCLUDING AS TO LEGAL EFFECT OR COMPLETENESS. They are for guidance and should be modified by you or your attorney to meet your specific needs and the laws of your state. Use at your own risk. Docstoc, its employees or contractors who wrote or modified any form, are NOT providing legal or any other kind of advice and are not creating or entering into an Attorney-Client relationship. The information and forms ® are not a substitute for the advice of your own attorney. Subject to our Terms of Service (http://www.docstoc.com/popterm.aspx?page_id=15). See back cover page and read more here (http://www.docstoc.com/popterm.aspx?page_id=114) for additional disclaimers and more. This document is not approved, endorsed by, or affiliated with any State, or governmental or licensing entity. Entire document © Docstoc, Inc., 2010, 2011 Attorney Drafted © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 1 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 ($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. 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: _______________________________ _______________________________ © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 2 EXHIBIT A ORIGINAL LEASE AGREEMENT © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 3 Note: Carefully read and follow the Instructions and Comments contained in this document for your customization to suit your specific circumstances and requirements. You will want to delete the Instructions and Comments from open bracket (“[“) to close bracket (“]”) after 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 ◊ Where within this document you see this symbol: ◊ or an instruction states “Insert any number you choose◊,” or something similar, or there is a blank for the user to complete, please note that although Docstoc believes the information or number may be any that the user chooses, and that there is no law governing what the information or number should be, you might want to verify this, including by consulting with your own attorney practicing in your state, and be reasonable. INFORMATION AND FORMS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL DOCSTOC, INC., OR ITS AGENTS, OFFICERS, ATTORNEYS, ETC., BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF DOCSTOC HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Your use of this document is deemed to be your agreement to the foregoing, the disclaimers on the cover page, and that you have read and agree to our Terms of Service (http://www.docstoc.com/popterm.aspx?page_id=15), as well as our disclaimer that Legal information is not legal advice, and the important content available here: Read More (http://www.docstoc.com/popterm.aspx?page_id=114) © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 4 ocstoc Inc. registered document proprietary, copy not 5
Pages to are hidden for
"Pennsylvania Commercial Lease Extension Agreement"Please download to view full document