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A commercial lease addendum is an agreement added to an existing commercial lease between a landlord and tenant to modify the original terms. Its purpose is to introduce new provisions such as rules, clauses, or terms not included in the initial lease. Typically, the addendum includes the names of the parties, property address, amendment date, and lease start date. It is commonly used to alter or extend the lease duration, allow for repairs, expand or limit the leased space, or modify the rent amount.
