Create your Lease Modification Package from scratch

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Here's how it works

01. Start with a blank Lease Modification Package
Open the blank document in the editor, set the document view, and add extra pages if applicable.
02. Add and configure fillable fields
Use the top toolbar to insert fields like text and signature boxes, radio buttons, checkboxes, and more. Assign users to fields.
03. Distribute your form
Share your Lease Modification Package in seconds via email or a link. You can also download it, export it, or print it out.

Design your Lease Modification Package in a matter of minutes

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Step 1: Access DocHub to set up your Lease Modification Package.

Begin by accessing your DocHub account. Utilize the pro DocHub functionality free for 30 days.

Step 2: Navigate to the dashboard.

Once logged in, go to the DocHub dashboard. This is where you'll create your forms and handle your document workflow.

Step 3: Create the Lease Modification Package.

Click on New Document and choose Create Blank Document to be redirected to the form builder.

Step 4: Set up the form layout.

Use the DocHub features to insert and arrange form fields like text areas, signature boxes, images, and others to your form.

Step 5: Add text and titles.

Include necessary text, such as questions or instructions, using the text tool to assist the users in your document.

Step 6: Customize field settings.

Alter the properties of each field, such as making them required or arranging them according to the data you expect to collect. Assign recipients if applicable.

Step 7: Review and save.

After you’ve managed to design the Lease Modification Package, make a final review of your form. Then, save the form within DocHub, transfer it to your selected location, or distribute it via a link or email.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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A lease modification can be easily identified; it requires a substantive change that was not included in the original terms and conditions of the lease, while a lease reassessment can occur when assumptions and other events outside the lease have changed, which can be difficult at times to identify.
A lease modification is a change to the terms and conditions of a contract resulting in a change to either the scope or consideration for a lease.
A lease modification includes adding or terminating the right to use one or more underlying assets, or extending or shortening the contractual lease term.
One of the conditions in ASC 842-10-25-8 for accounting for a modification as a separate contract is that [t]he modification grants the lessee an additional right of use not included in the original lease (for example, the right to use an additional asset). The additional right of use needs to be an additional
Account for the lease modification as a termination of the original lease and creation of a new lease from the effective date of the modification. Measure the carrying amount of the underlying asset as the net investment in the original lease immediately before the effective date of the modification.
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Related Q&A to Lease Modification Package

A lessee and lessor may agree to modify a lease to both (1) include an additional right of use at its stand-alone price and (2) change the scope of or consideration for the existing right of use. In such cases, the parties to the lease cannot account for the additional right of use as a separate contract.