Scribd Logo
Upload

Welcome to Scribd!

  • 37 views

    Lease Renewal Agreement: Background

    Uploaded by

    MACYS CSS

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Lease Renewal Agreement: Background

    Uploaded by

    MACYS CSS
    37 views3 pages

    Original Title

    Generic-Lease-Renewal-Agreement-TemplateLab.com_

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    37 views3 pages

    Lease Renewal Agreement: Background

    Uploaded by

    MACYS CSS

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    LEASE RENEWAL AGREEMENT

    Background

    A. This is an agreement (‘The Agreement’) to extend the terms of a Lease according to the
    terms set out below.
    B. The Landlord, the Tenant and the Premises are as set out in Schedule 1 of this Agreement.
    C. Collectively, the Landlord and Tenant will be referred to as ‘The Parties’.

    IN CONSIDERATION OF the Landlord letting and the Tenant renting the Premises, both parties agree
    to keep, perform and fulfil the following promises, conditions and agreements:

    Original Lease

    1. Landlord and Tenant originally entered into a Lease on the date given in Schedule 1
    (‘Original Lease’). The Original Lease is attached to this Agreement as Exhibit A.
    2. Landlord and Tenant desire at this time to further extend and amend said Original Lease as
    hereinafter set forth.
    3. It is therefore mutually agreed that the Original Lease shall be further extended to the Lease
    New End Date set forth in Schedule 1 and amended as set out in this Agreement, its
    Schedules and Exhibits.
    4. The amendments described in this Agreement and Schedule 1 shall be the sole and exclusive
    amendment to the Lease, and except as expressly provided herein, all of the terms of the
    Lease shall remain the same and in full force and effect.

    Renewal Terms and Conditions

    5. Tenant shall pay to Landlord the Monthly Rent set out in Schedule 1 in line with the Rent
    Payment Details in Schedule 1.
    6. No holidays, special events, or weekends shall excuse Tenant's obligation to pay timely Rent.
    7. Under the terms and conditions herein, Landlord and Tenant hereby agree to amend the
    Original Lease as set out in Schedule 1.
    8. All of the terms and provisions of said Original Lease, except as herein modified, are to
    remain in full force and effect and are made a part of this Renewal Agreement.

    General Provisions

    9. This Renewal Agreement will inure to the benefit of and be binding upon the respective
    successors, assigns, heirs, executors, and/or administrators of both Parties.
    10. If any sub-part of this Agreement is deemed invalid by court order, judgment, or other
    operation of law, the remaining parts and sub-parts of this Agreement shall remain valid and
    enforceable to the fullest extent possible.
    11. This Renewal Agreement is governed, construed, and interpreted by and through the laws of
    Alabama.

    © templatelab.com
    Schedule 1

    Date

    Name of Landlord

    Name of Tenant

    Address of the
    Premises

    Monthly Rent

    Rent payment details


    (e.g. by Bank Transfer
    to Account Details on
    15th of the month)

    Lease New Start Date

    Lease New End Date

    Address at which the


    Landlord is to be
    contacted

    Address at which the


    Tenant is to be
    contacted (if left blank,
    assumed to be Leased
    Premises)
    Percentage Annual
    Rental Increase

    State of Jurisdiction

    © templatelab.com
    (i.e. the state the
    Premises is in)
    Agreement Date

    Date of Original Lease

    Terms to be amended
    (if not enough space,
    attach terms as Exhibit
    B to this Agreement)

    IN WITNESS WHEREOF the Parties have duly affixed their signatures under hand and seal on the
    Agreement Date as specified in Schedule 1.

    _______________________________________ _______________________________________
    Landlord Tenant

    _______________________________________ _______________________________________
    Witness Witness

    © templatelab.com

    You might also like