Lease Amendment

The Lease Amendment document is a legal document that is used to modify the terms and conditions of an existing lease agreement. It is entered into between the Lessor, the Current Lessee, and the Additional Lessee. The purpose of this amendment is to include the Additional Lessee as a tenant to the lease agreement.

 

The document begins with a brief introduction, stating that it is an amendment to the lease agreement. It identifies the parties involved, including the Lessor, the Current Lessee, and the Additional Lessee, along with their principal places of business. The document also mentions the premises to which the lease agreement relates.

 

The agreed terms of the amendment are then outlined. Firstly, it states that the Additional Lessee will be included as a tenant to the lease agreement, with the amendment taking effect from the commencement date. The Additional Lessee acknowledges receipt of the lease agreement and agrees to be bound by its terms and conditions. The Additional Lessee also agrees to be jointly and severally responsible and liable for all obligations under the lease agreement.

 

The document clarifies that, except for the amendments made by this amendment, all other terms and conditions of the lease agreement will remain in full force and effect. It emphasizes that this amendment should be read as a single integrated document with the lease agreement, and in case of any discrepancies, this amendment will prevail.

 

The parties agree to perform all further acts and things, and execute all necessary documents to implement and give effect to this amendment. It is stated that any changes to this amendment must be made in writing and executed by the parties. The amendment is binding upon the parties and their successors, heirs, and assigns.

 

The document concludes by stating that it may be executed in multiple counterparts, all of which together constitute a single, original instrument. It specifies that the amendment is governed by the laws of the lease agreement and any disputes arising from it will be resolved in accordance with the lease agreement. It also mentions that only the parties to this amendment have the right to enforce its terms.

 

In summary, the Lease Amendment document is a detailed legal document that modifies an existing lease agreement by including an Additional Lessee as a tenant. It outlines the agreed terms and conditions of the amendment, clarifies the relationship and responsibilities of the parties involved, and ensures that the amendment is legally binding and enforceable.

How to use this document?

1. Include the Additional Lessee: Enter the name and address of the Additional Lessee in the designated section of the document. This will officially include them as a tenant to the lease agreement.

2. Acknowledge receipt and agreement: The Additional Lessee should acknowledge receipt of the lease agreement and all addendums, and agree to be bound by the terms and conditions stated therein.

3. Joint responsibility and liability: The Additional Lessee should understand and agree to be jointly and severally responsible and liable for all obligations under the lease agreement.

4. Review existing terms and conditions: It is important to review the existing lease agreement and understand that, except for the amendments made by this amendment, all other terms and conditions will remain in full force and effect.

5. Perform necessary acts and execute documents: Both parties should be prepared to perform all further acts and things, and execute any necessary documents to implement and give effect to this amendment.

6. Changes must be in writing: Any changes or modifications to this amendment must be made in writing and executed by the parties involved.

7. Binding nature of the amendment: Understand that this amendment is legally binding upon the parties and their successors, heirs, and assigns.

8. Multiple counterparts: The amendment may be executed in multiple counterparts, which together constitute a single, original instrument.

9. Governing laws and dispute resolution: The amendment is governed by the laws of the lease agreement, and any disputes arising from it will be resolved in accordance with the lease agreement.

10. Enforceability of terms: Only the parties to this amendment have the right to enforce its terms.

11. Effective upon signatures: The amendment becomes effective upon the signatures of both parties.

It is important to note that this guidance is a summary and does not cover all possible scenarios or legal advice. It is recommended to consult with a legal professional for specific guidance and to ensure compliance with applicable laws and regulations.