Indiana Commercial Lease Modification Agreement

State:
Multi-State
Control #:
US-OL18022
Format:
Word; 
PDF
Instant download

Description

This office lease agreement fully embodies the terms and conditions of the agreement between the parties for the modification [and extension] of the Lease. Any modification, rescission, termination, extension, or waiver of this agreement or any provision made shall not be valid or enforceable unless it is in a writing signed by all parties.

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FAQ

A first amendment lease allows you to make a decision so that you can get the equipment you need and still have the option to buy it down the road. When the lease term expires, you are able to exercise the right to purchase the equipment at a fair market price.

A landlord can't force you to move out before the lease ends, unless you fail to pay the rent or violate another significant term, such as repeatedly throwing large and noisy parties. In these cases, landlords in Indiana must follow specific procedures to end the tenancy.

Month-to-month tenancy is a periodic tenancy wherein the tenant rents from the owner on a monthly basis. This type of tenancy is most commonly found in residential leases. Other variations of tenancies found in lease contracts include tenancy for years, tenancy at will, and tenancy at sufferance.

An Indiana month-to-month rental agreement is a residential lease between a landlord and tenant that has no end date. The agreement only terminates when notice has been given to either the landlord or tenant of at least one (1) month's notice or the time period mentioned in the agreement, whichever is longer.

Week-to-week leases are required to provide 30 days' notice, month-to-month leases are required to provide 3 months' notice, and for all other lease periods, there is no statute for how much notice to provide. year-long leases are also required to provide 30 days' notice.

Do Commercial Leases Have to Be Notarized in Indiana? No, the commercial lease doesn't have to be notarized in Indiana for it to be valid. However, the landlord or tenant may request this. It's often best to do so because it protects both parties and costs less than you think to obtain it.

Your landlord cannot turn off your utilities. You have the right to privacy in the rental premises. Your lease agreement likely says when your landlord may come into your home. Usually, lease agreements say that your landlord may come in to do emergency repairs, routine or needed maintenance, and inspections.

A modification of lease, also called a lease amendment or lease modification, is an agreement that formally changes the original terms and conditions of a lease. It allows the parties to agree to changes without having to sign an entirely new lease.

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Indiana Commercial Lease Modification Agreement