Amended Lease Agreement Sample
Description
How to fill out Amended Lease - Amendment For Office Building?
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FAQ
What is a first amendment lease? A first amendment lease is a mix between a capital lease and an operating lease. For accounting purposes, a first amendment lease is treated as a capital lease allowing the lessee to depreciate the equipment on their financial statements thereby maximizing EBITDA.
A Lease Amendment is used to modify an existing Lease Agreement between a tenant and landlord by adding or removing clauses, or changing existing clauses. An amendment allows the parties to change the terms without having to sign a new Lease Agreement.
