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.
A North Dakota Commercial Lease Modification Agreement is a legal document that outlines the changes made to an existing commercial lease agreement in the state of North Dakota. This agreement is used when both the landlord and the tenant wish to make modifications to the terms, conditions, or provisions of the original lease. The North Dakota Commercial Lease Modification Agreement serves as a written record of the changes agreed upon by both parties, ensuring that any alterations to the lease are properly documented and enforceable. It provides clarity and prevents any misunderstandings or disputes that may arise in the future. Some relevant keywords related to North Dakota Commercial Lease Modification Agreement include: 1. North Dakota: Referring to the state where the lease agreement is being modified, ensuring compliance with the specific laws and regulations applicable in North Dakota. 2. Commercial Lease: Denoting a lease agreement involving the rental of commercial property, such as offices, retail spaces, warehouses, or industrial facilities. 3. Modification Agreement: Highlighting the purpose of the document, indicating its role as an official agreement that modifies the terms of an existing lease. Different types of North Dakota Commercial Lease Modification Agreements may include: 1. Rent Adjustment Modification: This type of modification agreement is used when the landlord and tenant agree to adjust the rental amount within the existing lease term. It may involve increasing or decreasing the rent depending on the negotiations between the parties. 2. Lease Term Extension or Renewal Modification: This modification agreement is used to extend or renew the lease term beyond the original agreement's expiration date. It outlines the new lease period and any corresponding changes to terms and conditions. 3. Alteration of Space Modification: In cases where the tenant requires additional space or wishes to modify the existing premises, this type of modification agreement is used. It details the changes made to the physical structure, known as tenant improvements, and any related adjustments in rent or other terms. 4. Assignment or Subleasing Modification: When a tenant wishes to assign the lease to a new tenant or sublease a portion of the premises, this modification agreement is utilized. It outlines the terms and conditions surrounding the assignment or sublease, ensuring compliance with North Dakota laws. In summary, a North Dakota Commercial Lease Modification Agreement is a legal document used to make changes to an existing commercial lease agreement in the state of North Dakota. Whether it involves rent adjustments, term extensions, alterations to the space, or assigning/subleasing the premises, this agreement ensures that modifications are accurately recorded and binding.
