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A commercial lease addendum is an additional agreement that amends an existing commercial lease between a landlord and tenant. Its purpose is to introduce new provisions, such as rules, clauses, or terms that were not part of the original contract. Typically, the addendum includes the names of the parties, property address, amendment date, and lease start date. It is often used to alter or extend the lease duration, grant rights for repairs, adjust the leased space size, or modify the rent amount.
