instead of changing the actual lease agreement, an addendum is a document added that outlines its modifications. “disclosure” – an addendum can also refer to a “disclosure” that must be attached to a lease in accordance with state law. most often, an addendum will be a type of disclosure that explains the property rules. the tenant should be given an ample amount of time to review the document. if a tenant refuses to sign a lease addendum then the lease agreement will be held to its original terms. the rules of an addendum should be respected in the same manner as of a lease. likewise, a tenant can part ways with their lease and not be subject to fees or rent payments if their landlord fails to uphold an addendum. the information presented here as an update to a lease must be accompanied by a formal date.

whether you are the landlord leasing space to a business or a tenant leasing that space, it is important that you understand the provisions of your existing lease before amending it. a commercial lease amendment can be used to make nearly any kinds of changes that the landlord and tenant agree on. the most common use for commercial lease amendments is to extend the term of the lease.