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A commercial lease addendum is an additional agreement between a landlord and tenant that modifies an existing commercial lease. Its purpose is to introduce new provisions, such as rules, clauses, or terms not present in the original lease. Typically, it includes the parties' names, property address, date of the amendment, and the lease start date. Common uses of a commercial lease addendum encompass altering or extending the lease duration, granting repair rights, expanding or limiting the leased space, or modifying the rent amount.
