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.
The Phoenix Arizona Commercial Lease Modification Agreement is a legal document that outlines the terms and conditions for modifying an existing commercial lease agreement in the city of Phoenix, Arizona. This agreement allows both the landlord and the tenant to make changes or amendments to the original lease agreement, such as adjusting rental terms, adding or removing lease clauses, or extending the lease period. A commercial lease modification agreement typically includes the following key elements: 1. Parties involved: The agreement identifies the landlord (lessor) and the tenant (lessee) who are party to the lease modification. 2. Property details: The agreement includes the address and specific details of the commercial property subject to the modification. 3. Purpose of modification: It outlines the reasons behind the proposed modification, such as adjusting rental payments, modifying lease terms, or accommodating physical alterations to the space. 4. Modification terms: The agreement outlines the specific changes to be made, including any alterations to rental amounts, lease duration, renewal options, or lease provisions. 5. Effective date: The agreement specifies the date when the modification becomes effective and enforceable. 6. Governing law: It identifies the state of Arizona and, specifically, the city of Phoenix as the jurisdiction governing this agreement's interpretation and enforcement. 7. Additional clauses: The agreement may contain additional clauses, as necessary, to address specific terms related to the modification, such as dispute resolution, maintenance responsibilities, or liability provisions. Some varied types of Phoenix Arizona Commercial Lease Modification Agreements can include: 1. Rent modification agreement: This type of modification agreement focuses primarily on adjusting the rental amount and terms of payment to accommodate changing market conditions or financial circumstances. 2. Lease extension agreement: This agreement allows the landlord and tenant to extend the lease term beyond its original end date while specifying any changes to rental payments or other terms. 3. Sublease modification agreement: In case the tenant wants to sublease a portion of the commercial property or assign the lease to another party, this type of modification agreement outlines the terms and conditions for such arrangements. 4. Clause amendment agreement: This modification aims to add, remove, or modify specific clauses of the original lease agreement, such as maintenance responsibilities, property usage restrictions, or obligations in case of default or early termination. It is essential for both landlords and tenants to consult with legal professionals when considering modification agreements and to ensure the agreement accurately reflects their intentions while complying with all applicable laws and regulations.The Phoenix Arizona Commercial Lease Modification Agreement is a legal document that outlines the terms and conditions for modifying an existing commercial lease agreement in the city of Phoenix, Arizona. This agreement allows both the landlord and the tenant to make changes or amendments to the original lease agreement, such as adjusting rental terms, adding or removing lease clauses, or extending the lease period. A commercial lease modification agreement typically includes the following key elements: 1. Parties involved: The agreement identifies the landlord (lessor) and the tenant (lessee) who are party to the lease modification. 2. Property details: The agreement includes the address and specific details of the commercial property subject to the modification. 3. Purpose of modification: It outlines the reasons behind the proposed modification, such as adjusting rental payments, modifying lease terms, or accommodating physical alterations to the space. 4. Modification terms: The agreement outlines the specific changes to be made, including any alterations to rental amounts, lease duration, renewal options, or lease provisions. 5. Effective date: The agreement specifies the date when the modification becomes effective and enforceable. 6. Governing law: It identifies the state of Arizona and, specifically, the city of Phoenix as the jurisdiction governing this agreement's interpretation and enforcement. 7. Additional clauses: The agreement may contain additional clauses, as necessary, to address specific terms related to the modification, such as dispute resolution, maintenance responsibilities, or liability provisions. Some varied types of Phoenix Arizona Commercial Lease Modification Agreements can include: 1. Rent modification agreement: This type of modification agreement focuses primarily on adjusting the rental amount and terms of payment to accommodate changing market conditions or financial circumstances. 2. Lease extension agreement: This agreement allows the landlord and tenant to extend the lease term beyond its original end date while specifying any changes to rental payments or other terms. 3. Sublease modification agreement: In case the tenant wants to sublease a portion of the commercial property or assign the lease to another party, this type of modification agreement outlines the terms and conditions for such arrangements. 4. Clause amendment agreement: This modification aims to add, remove, or modify specific clauses of the original lease agreement, such as maintenance responsibilities, property usage restrictions, or obligations in case of default or early termination. It is essential for both landlords and tenants to consult with legal professionals when considering modification agreements and to ensure the agreement accurately reflects their intentions while complying with all applicable laws and regulations.
