Change clause in a Commercial Lease Agreement - Online Editor

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Follow these 4 simple steps to change clause in Commercial Lease Agreement online with DocHub:

Find the Commercial Lease Agreement in DocHub’s online form collection or import it from your device. In addition, you can utilize the form generator to make your Commercial Lease Agreement from scratch.
Open your form in DocHub’s editor and make any modifications to make it professional and improved.
Explore the top and right toolbars and find the option to change clause of your Commercial Lease Agreement.
Finally, save your form in your selected document format to your device or cloud storage.

You can now change clause in Commercial Lease Agreement in your DocHub account whenever you need and anywhere. Your documents are all stored in one place, where you can tweak and handle them quickly and easily online. Try it now!

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What is the change of control clause in a lease agreement?

Also known as change of control. A provision in an agreement giving a party certain rights (such as consent, payment or termination) in connection with a change in ownership or management of the other party to the agreement.

What is the termination due to the change of control clause?

Change of Control Clause Change of Control clauses create a right to terminate a contract - usually with a supplier - after the management and/or shareholders change, during the term of the contract. Its a type of break clause: the right to terminate the contract arises those in control of the company change.

What are the clauses of a commercial lease?

Clauses such as a waiver, severability, force majeure, dispute resolution, applicable laws and jurisdiction, indemnity, limitation of liability, entire agreement, modifications/amendments/variations, etc. ensure that the interests and rights of the parties are protected and defined.

What is change of control of the tenant?

(Where the Tenant is a company) if there is a Change of Control of the Tenant company the Landlord may within 12 months of such event by written notice terminate this lease and such notice is to have effect on the date stated in it.

What is a change of control offer?

A change of control is a change in a companys ownership or management that results in the decision-making capacity of that entity being exercised by a different group of shareholders and/or directors.

How do I write an amendment to a lease agreement?

How to Write a Lease Amendment Step 1 Enter Lease Agreement Details. Step 2 Fill in Landlord and Tenant Details. Step 3 Restate Lease Agreement Details. Step 4 Identify Provisions. Step 5 Document Sentence Amendments. Step 6 Note Sentence Deletions. Step 7 Confirm Section Deletions.

What is the purpose of the change of control clause?

Parties normally seek to include provisions in an agreement that allow for either termination or an adjustment of their rights, such as payment, upon a change of structure or ownership of the other party. This is known as a change of control clause.

What is an example of a relocation clause?

A relocation clause gives a landlord the right to move your business to an alternate space within the building or complex. For example, you may currently rent 2,500 square feet of space in a shopping center, while next door there is 10,000 square feet of empty space that is available for rent.

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