This office lease agreement fully embodies the terms and conditions of the agreement between the parties for the modification [and extension] of the Lease. Any modification, rescission, termination, extension, or waiver of this agreement or any provision made shall not be valid or enforceable unless it is in a writing signed by all parties.
District of Columbia Commercial Lease Modification Agreement
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Multi-State
Control #:
US-OL18022
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Word;
PDF
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FAQ
Notices to quit. (a) A commercial tenancy from month-to-month, or from quarter?to-quarter, may be terminated by a 30-day notice in writing from the housing provider to the tenant to quit, or by such a notice from the tenant to the housing provider of the tenant's intention to quit.
A landlord may enter the tenant's site only under the following circumstances: To collect rent or to give / serve a document. There is an emergency and entry is necessary to protect life or property.
When a landlord ends a tenancy to use the property, they must compensate the tenant the equivalent of one month's rent. Compensation must be given on or before the move-out date on the two-month notice to end tenancy.
Once a property is sold, the buyer becomes the new landlord and the tenancy continues under the same terms. The buyer and the tenants don't need to sign a new tenancy agreement, but may do so if they both agree.
Lease modification: A change in the scope of a lease, or the consideration for a lease, that was not part of the original terms and conditions of the lease (for example, adding or terminating the right to use one or more underlying assets, or extending or shortening the contractual lease term).
A modification of lease, also called a lease amendment or lease modification, is an agreement that formally changes the original terms and conditions of a lease. It allows the parties to agree to changes without having to sign an entirely new lease.
If a tenant wants to terminate their fixed-term lease early, they must pay the rent for the remaining term of the lease agreement unless there is a clause in the lease allowing the tenant to end the lease early. Tenants can sublet or assign the lease unless it is prohibited by the lease.
A landlord wishing to terminate may be subject to s. 29 of the Commercial Tenancy Act which, by virtue of s. 146 of the Bankruptcy & Insolvency Act, is applicable in British Columbia.
