Docstoc

Commercial Lease Extension Agreement

Document Sample
Commercial Lease Extension Agreement Powered By Docstoc
					This Commercial Lease Extension Agreement may be used by parties wishing 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 who wish to extend their commercial lease with terms
similar to the original lease.
                     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.
5. Binding Effect: This agreement shall be binding upon and shall inure to the benefit of the
    parties, their successors, assigns and personal representatives.


© Copyright 2012 Docstoc Inc.                                                       2
        Lessor                           Lessee

Sign: _______________________________
_______________________________

Print: _______________________________   _______________________________

Date: _______________________________    _______________________________




© Copyright 2012 Docstoc Inc.                                       3
                                       EXHIBIT A

                                ORIGINAL LEASE AGREEMENT




© Copyright 2012 Docstoc Inc.                              4

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:603
posted:3/28/2012
language:English
pages:5
Description: This Commercial Lease Extension Agreement may be used by parties wishing 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 who wish to extend their commercial lease with terms similar to the original lease.