VIEWS: 101 PAGES: 2 CATEGORY: Real Estate POSTED ON: 10/5/2011
This form is the extension of the term of a commercial lease with the rental payments to be revised.
Commercial Lease Extension THIS LEASE EXTENSION AGREEMENT (hereinafter referred to as the "Lease Extension") is made and entered into this (date), by and between (Name of Lessor), a corporation organized and existing under the laws of the state of (name of state), with its principal office located at (street address, city, state, zip code), referred to herein as Lessor, and (Name of Lessee), a corporation organized and existing under the laws of the state of (name of state), with its principal office located at (street address, city, state, zip code), referred to herein as Lessee. For and in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the parties agree as follows: 1. Prior Lease. The parties executed a Lease Agreement dated (date), hereinafter called the Lease Agreement. with a term of lease commencing on the (date), and which expires on the (date). All terms, conditions, and provisions of said Lease Agreement are hereby incorporated by reference or by attachment. 2. Extension of Prior Lease Term. The parties hereby agree to extend and continue the aforementioned Lease Agreement for an additional term, commencing on the (date), and expiring on the (date). 3. Revised Rent Payments. The rent shall be payable in equal monthly installments of $_____________, payable on the ______ day of each month of the term. The first full rent payment under this Lease Extension is due on the (date). WITNESS our signatures as of the day and date first above stated. (Name of Lessor) (Name of Lessee) By:____________________________ By:__________________
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