Commercial Lease Amendment Agreement - Template Form

Valid in Canada (English)

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Commercial Lease Amendment Agreement - Template Form
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COMMERCIAL LEASE AMENDMENT AGREEMENT


This Lease Amendment Agreement (hereinafter referred to as the "Agreement") is effective as of ________ by and between ________, a corporation incorporated under the laws of Ontario (hereinafter "the Landlord"), and ________, a corporation incorporated under the laws of Ontario (hereinafter the "Tenant").

The Landlord and the Tenant are hereinafter referred to as the "Party" and collectively as the "Parties".


RECITALS

WHEREAS the Tenant is the current tenant of a commercial property (hereinafter referred to as "the Property") located at the following address, owned by the Landlord:

________

AND WHEREAS the Landlord and the Tenant wish to amend the terms of the original Lease Agreement (hereinafter "Lease") between them, subject to the terms and conditions set forth herein;

NOW THEREFORE, in consideration of the obligations and covenants contained herein and any other valuable consideration, the receipt and validity of which are hereby acknowledged, the parties hereby covenant and agree as follows:


Article 1 - AMENDMENT

The Landlord and the Tenant hereby agree to amend the Lease as of the effective date, above:

1.1. Section ________ is hereby amended as follows:

________


Article 2 - NO ADDITIONAL CHANGE

The amendment described above is the one and only amendment to the Lease and, unless expressly provided otherwise, all terms and conditions of the Lease remain the same and are in full force and effect.


Article 3 - COUNTERPARTS


Article 4 - GENERAL PROVISIONS

4.1. Binding: This Agreement is for the benefit of and against the respective successors, assigns, heirs, executors and/or administrators of both parties.

4.2. Miscellaneous: If any part or sub-part of this Agreement is found to be invalid by court order, judgment or other legal provision, the remaining parts and sub-parts of this Agreement shall remain valid and enforceable to the maximum extent possible.

4.3. Governing Law: This Agreement shall be governed, interpreted and enforced by the laws of Ontario, and the federal laws of Canada applicable therein.


SIGNATURES

This Agreement is effective as of the date mentioned above.


LANDLORD

________




Per:________________________________
Name:
I have authority to bind the corporation


TENANT

________




Per:________________________________
Name:
I have authority to bind the corporation

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