This Commercial Lease Extension Agreement will extend an existing Commercial Lease. This extension sets forth the date of the original lease, term of extension and revised rental payments. This Commercial Lease Extension Agreement must be signed by the parties to the original lease.
COMMERCIAL LEASE EXTENSION AGREEMENT
This Commercial Lease Extension Agreement (“Extension”) is made and entered into this ________ day of ____________________, 20____, by and between __________________________ having an address at _______________________ ______________________________________________ (the “Lessor”) and _______________________________________________________________ having an address at _______________________ _________________________________ (the “Lessee”)
RECITALS
WHEREAS, on the ____________________ day of ____________________________, ____________ Lessor and Lessee have entered into a Commercial Lease Agreement (hereinafter referred to as the “Agreement”).
WHEREAS, the said Agreement will expire on the _________ day of _________________, 20____.
WHEREAS, the Lessor and Lessee hereby desire to extend the term of the said Agreement
NOW THEREFORE, in consideration of the mutual covenants and obligations contained in this Extension and of other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1. EXTENSION OF TERM
Lessor and Lessee hereby agree to extend the said Agreement for an additional period of ____________ years, commencing from the ____ day of ________________, 20____, and terminating on the ____ day of _________________, 20____ (the “Extended Term”), upon the terms and conditions contained in the said Agreement.
2. REVISED RENT
For and during the Extended Term, the Lessee shall pay monthly rent in the amount of $_____________. This rent is due and payable in advance on the ______ day of every month.
3. TERMS & CONDITIONS
The parties agree that all the terms and conditions of the said Agreement, as modified by this Lease Extension, shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed as of the day and year hereinbefore first written.
LESSOR
Sign: _____________________________________
Print Name: _______________________________
Date: ____________________________________
LESSEE
Sign: _____________________________________
Print Name: _______________________________
Date: ____________________________________
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