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Amendment To Commercial Lease Agreement

Amendment To Commercial Lease Agreement Template for India

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Key Requirements PROMPT example:

Amendment To Commercial Lease Agreement

"I need an Amendment to Commercial Lease Agreement for our office space in Mumbai, extending the lease term by 3 years from March 1, 2025, with a 15% increase in monthly rent and updated security deposit terms."

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Document background
The Amendment To Commercial Lease Agreement is a crucial document used when parties to an existing commercial lease in India need to modify specific terms without creating an entirely new lease agreement. This document is essential when circumstances require changes to rent, lease duration, premises specifications, or other material terms. It must comply with the Transfer of Property Act 1882, the Registration Act 1908, and state-specific property laws in India. The amendment should clearly reference the original lease agreement, specify the exact modifications being made, and include necessary compliance elements such as proper execution, witnessing, and potential registration requirements. This document is particularly relevant in scenarios of business expansion, market rate adjustments, or when regulatory changes necessitate modifications to existing lease terms.
Suggested Sections

1. Parties: Identification of the Lessor and Lessee with their complete legal names, addresses, and other relevant details as mentioned in the original lease

2. Background: Reference to the original lease agreement including its date of execution, registration details if any, and brief context for the amendment

3. Definitions: Key terms used in the amendment, including reference to definitions in the original lease that remain applicable

4. Amendment Effective Date: The date from which the amendments will take effect

5. Specific Amendments: Detailed description of each modification to the original lease, clearly referencing the relevant sections being amended

6. Ratification: Confirmation that all other terms and conditions of the original lease remain unchanged and in full force

7. Binding Effect: Statement that the amendment is binding on both parties and forms part of the original lease

8. Execution: Signature blocks for all parties, including witnesses as required under Indian law

Optional Sections

1. Rent Modification Terms: Required when the amendment involves changes to rent amount, payment schedule, or security deposit

2. Premises Modification: Include when there are changes to the leased area or permitted use of the premises

3. Term Extension: Required when modifying the duration of the lease

4. Maintenance and Repairs: Include when amending responsibilities for property maintenance or repairs

5. Regulatory Compliance: Include when amendments are being made to comply with new laws or regulations

6. Registration Requirements: Include when the amendment requires registration under the Registration Act

Suggested Schedules

1. Schedule A - Original Lease: Copy or summary of the original lease agreement being amended

2. Schedule B - Modified Terms: Detailed breakdown of the specific clauses being modified, showing both original and amended versions

3. Schedule C - Revised Rent Schedule: If applicable, detailed breakdown of modified rent amounts and payment schedules

4. Schedule D - Modified Premises Plan: If applicable, updated floor plans or property descriptions

5. Schedule E - Compliance Certificates: Any necessary regulatory or statutory compliance certificates related to the amendments

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Relevant Industries

Retail

Commercial Real Estate

Banking and Financial Services

Information Technology

Manufacturing

Healthcare

Hospitality

Professional Services

Education

Logistics and Warehousing

Entertainment and Media

Telecommunications

Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Compliance

Property Management

Asset Management

Corporate Services

Administration

Relevant Roles

Property Manager

Real Estate Director

Facilities Manager

Legal Counsel

Chief Financial Officer

Operations Manager

Asset Manager

Lease Administrator

Commercial Property Manager

Real Estate Portfolio Manager

Corporate Real Estate Manager

Compliance Officer

Business Development Manager

Finance Director

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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