Commercial Lease Extension Agreement (Australia)

This Commercial Lease Extension Agreement is designed for use in Australia. This form is available for immediate download.

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A commercial lease agreement involves the lease of a property for business purposes such as a store or office. Commercial leases are typically made for a fixed term. In most cases, at the end of the lease term, the landlord and tenant will either enter a new lease or the tenant will vacate the premises. Under certain circumstances the parties may wish to extend the lease past the expiration date but not enter into an entirely new lease. In this case, the landlord and tenant should enter into a Lease Extension Agreement.

A Commercial Lease Extension Agreement allows the parties to incorporate the controlling provisions of the original lease. This agreement will set forth the extension terms in writing and avoid any problems and misunderstandings between the parties surrounding the lease extension.

Among others, this form includes the following provisions:
  • Extension of the Initial Lease Term
  • Revised Rental Payments
  • Obligations Under the Lease
  • General Provisions
This lawyer-prepared packet includes:
  1. Instructions and Checklist
  2. General Information
  3. Commercial Lease Extension Agreement for use in Australia
Law Compliance: This form complies with the state and territory laws of Australia
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Commercial Lease Extension Agreement
(Australia)

 

 
This Commercial Lease Extension Agreement (the “Extension”) is dated as of ___________, 20____, by and between ________________________________________ (“Landlord”) and __________________________________________________________________ (“Tenant”) (collectively the “Parties”).
 
RECITALS
 
I.   WHEREAS, Landlord and Tenant entered into a Commercial Lease Agreement (the "Lease") dated _________________, 20__ regarding the property located at ________________________________________________________ (the “Premises”) for a term commencing on _________________, 20__, and ending on _________________, 20__ (the "Initial Lease Term.")
 
II.   WHEREAS, the Parties wish to extend the Initial Lease Term.
NOW, THEREFORE, in consideration of the faithful performance of the obligations set forth herein, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
TERMS
 
1.   EXTENSION OF INITIAL LEASE TERM:  The Initial Lease Term shall extend and continue for an additional term, commencing on _________________, 20__, and ending on _________________, 20__ (the "Renewal Term").
 
2.   REVISED RENT PAYMENTS:  During the Renewal Term, Tenant shall pay Landlord as rent for the Premises the amount of _____________________ Australian Dollars (AUD.__________) each month, payable on the first day of each month of the Renewal Term (the "Rent.")  The first full Rent payment under this Extension is due on _________________, 20__.  If the Renewal Term does not start on the first day of the month or end on the last day of the month, the Rent for the relevant month will be prorated accordingly.
 
3.   OBLIGATIONS UNDER THE LEASE:  All terms, conditions and obligations of the Lease will remain in effect throughout the Renewal Term, except for those provisions of the Lease that are directly contradicted by this Extension, in which event the terms of this Extension shall control over the Lease.
 
4.   GENERAL PROVISIONS:
 
(a)   Severability.  If any part or parts of this Extension shall be held unenforceable for any reason, the remainder of this Extension shall continue in full force and effect.  If any provision of this Extension is deemed invalid or unenforceable by any court of competent jurisdiction, and if limiting such provision would make the provision valid, then such provision shall be deemed to be construed as so limited.
 
(b)   Binding Effect.  The covenants and conditions contained in this Extension shall apply to and bind the Parties and the heirs, legal representatives, successors and permitted assigns of the Parties.
 
(c)   Governing Law.  This Extension shall be governed by and construed in accordance with the laws of the State of ______________________.
 
IN WITNESS WHEREOF the Parties have executed this Extension as of the date first written above.
 
LANDLORD:               TENANT:            
 
_______________________________      ______________________________
Signature                  Signature
 
_______________________________      ______________________________
Name (please print)               Name (please print)
 
_______________________________      ______________________________
Title (if applicable)               Title (if applicable)
Number of Pages6
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#33884
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Commercial Lease Extension Agreement
(Australia)

 

 
This Commercial Lease Extension Agreement (the “Extension”) is dated as of ___________, 20____, by and between ________________________________________ (“Landlord”) and __________________________________________________________________ (“Tenant”) (collectively the “Parties”).
 
RECITALS
 
I.   WHEREAS, Landlord and Tenant entered into a Commercial Lease Agreement (the "Lease") dated _________________, 20__ regarding the property located at ________________________________________________________ (the “Premises”) for a term commencing on _________________, 20__, and ending on _________________, 20__ (the "Initial Lease Term.")
 
II.   WHEREAS, the Parties wish to extend the Initial Lease Term.
NOW, THEREFORE, in consideration of the faithful performance of the obligations set forth herein, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
TERMS
 
1.   EXTENSION OF INITIAL LEASE TERM:  The Initial Lease Term shall extend and continue for an additional term, commencing on _________________, 20__, and ending on _________________, 20__ (the "Renewal Term").
 
2.   REVISED RENT PAYMENTS:  During the Renewal Term, Tenant shall pay Landlord as rent for the Premises the amount of _____________________ Australian Dollars (AUD.__________) each month, payable on the first day of each month of the Renewal Term (the "Rent.")  The first full Rent payment under this Extension is due on _________________, 20__.  If the Renewal Term does not start on the first day of the month or end on the last day of the month, the Rent for the relevant month will be prorated accordingly.
 
3.   OBLIGATIONS UNDER THE LEASE:  All terms, conditions and obligations of the Lease will remain in effect throughout the Renewal Term, except for those provisions of the Lease that are directly contradicted by this Extension, in which event the terms of this Extension shall control over the Lease.
 
4.   GENERAL PROVISIONS:
 
(a)   Severability.  If any part or parts of this Extension shall be held unenforceable for any reason, the remainder of this Extension shall continue in full force and effect.  If any provision of this Extension is deemed invalid or unenforceable by any court of competent jurisdiction, and if limiting such provision would make the provision valid, then such provision shall be deemed to be construed as so limited.
 
(b)   Binding Effect.  The covenants and conditions contained in this Extension shall apply to and bind the Parties and the heirs, legal representatives, successors and permitted assigns of the Parties.
 
(c)   Governing Law.  This Extension shall be governed by and construed in accordance with the laws of the State of ______________________.
 
IN WITNESS WHEREOF the Parties have executed this Extension as of the date first written above.
 
LANDLORD:               TENANT:            
 
_______________________________      ______________________________
Signature                  Signature
 
_______________________________      ______________________________
Name (please print)               Name (please print)
 
_______________________________      ______________________________
Title (if applicable)               Title (if applicable)

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