ADDENDUM TO LEASE AGREEMENT
This Addendum to Lease Agreement (the “Agreement”) is made and entered into on [insert
date] by and between XXX (“Landlord”), whose address for the
purposes of this agreement is XXX INC.; and XXX, whose
address for the purpose of this agreement is XXX
(“Tenant”). Landlord and Tenant shall hereinafter collectively be referred to as the “parties” and
generically as a “party.”
1. Amendment. This Agreement amends and modifies that certain LEASE AGREEMENT
(“Lease Agreement”) attached herewith as Exhibit 1 to this Agreement, made and
entered into by the parties hereto as follows:
i. All buildout that has been done on the property leased out in the Lease
Agreement, which buildout includes [describe the buildout that you have done on
the said property] has been done by the Tenant; and
ii. The landlord herein does not own any equipment and/or improvements, which
include [describe this] done on the property leased out in the Lease Agreement,
but the same is owned by the Tenant herein.
2. Effect of this Addendum. This Addendum is entered into to supplement the Lease
Agreement. Except as supplemented hereby, the Lease Agreement remains in full force
and effect and shall continue to be effective and enforceable in accordance with its
terms.
3. Waiver. Any term or condition of this Addendum may be waived at any time by the Party
that is entitled to the benefit thereof, but no such waiver shall be effective unless set
forth in a written instrument duly executed by or on behalf of the Party waiving such term
or condition. No waiver by any Party of any term or condition of this Addendum, in any
one or more instances, shall be deemed to be or construed as a waiver of the same or
any other term or condition of this Addendum on any future occasion.
4. Amendment. This Addendum may be amended, supplemented, or modified only by a
written instrument duly executed by or on behalf of each Party hereto.
5. Counterparts. This Addendum may be executed in any number of counterparts, each of
which will be deemed an original, but all of which together will constitute one and the
same instrument.
6. Exercise of Rights. A Party may exercise a right, power, or remedy at its discretion,
and separately or concurrently with another right, power or remedy. A single or partial
exercise of a right, power, or remedy by a Party does not prevent a further exercise of
that or of any other right, power, or remedy. Failure by a Party to exercise or delay in
exercising a right, power, or remedy does not prevent its exercise. The rights, powers,
and remedies provided in this Addendum are cumulative with and not exclusive of the
rights, powers, or remedies provided by law independently of this Addendum.
7. Governing Law. This Addendum shall be construed in accordance with and governed
by the laws as provided in the Lease Agreement.
8. Severability. If any provision of this Addendum shall be invalid or unenforceable, such
invalidity or unenforceability shall not render the entire Addendum invalid. Rather, the
Addendum shall be construed as if not containing the particular invalid or unenforceable
provision, and the rights and obligations of each Party shall be construed and enforced
accordingly.
9. Amendment. This Addendum may only be amended by a written agreement executed
by both Parties.
IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first written
above.
EXECUTED by Landlord XXX
EXECUTED by Tenant XXX
Signature
………………………………………….
XXX
Signature
………………………………………….
XXX
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