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a commercial lease addendum is an additional agreement between a landlord and a tenant that have previously entered into a commercial lease agreement to change the original commercial lease agreement a commercial lease addendum has the purpose of adding new provisions to the original contract such as new rules clauses or terms that were not included in the original commercial lease executed between the parties a commercial lease addendum generally includes the name of the parties the property address the date of the amendment the lease start date a commercial lease addendum is commonly used to alter or extend the time of the commercial lease agreement grant the parties of the right to repair the premises expand or limit the size of space leased or to modify the rent amount
