Lease Changes Clause Samples
The Lease Changes clause defines the process and conditions under which modifications to the lease agreement can be made. Typically, this clause requires that any amendments, additions, or deletions to the lease must be agreed upon in writing and signed by both the landlord and tenant. For example, if the parties wish to alter the rent amount or extend the lease term, they must follow the procedure outlined in this clause. Its core function is to ensure that all changes to the lease are documented and mutually agreed upon, thereby preventing misunderstandings and disputes over unauthorized or informal modifications.
Lease Changes. Lease changes are only allowed during the Lease term or renewal period if governed by Par. 10, specified in Special Provisions in Par. 32, or by a written addendum or amendment signed by you and us. At or after the end of the initial Lease term, Rent increases will become effective with at least 5 days plus the number of days’ advance notice contained in Box F on page 1 in writing from us to you. Your new Lease, which may include increased Rent or Lease changes, will begin on the date stated in any advance notice we provide (without needing your signature) unless you give us written move-out
Lease Changes. The terms and conditions of this Lease may only be changed if in writing and signed by both Landlord and Resident. No oral changes or agreements are permitted.
Lease Changes. After the Effective Date, Seller shall continue to administer the Leases consistent with Seller’s administration thereof prior to the Effective Date. After the Effective Date, Seller will not enter into any new Leases or terminate any of the Leases then in effect or enter into modifications or amendments to any of the Leases then in effect (each, a “Proposed New Lease”) or make any material changes to the Property without giving notice to Buyer thereof at least five (5) business days prior to the expiration of the Inspection Period and, following the end of the Inspection Period, Seller shall not take such actions without first obtaining Buyer’s prior written consent to such actions, which consent will not be unreasonably withheld or delayed. Each Proposed New Lease that is approved by Buyer pursuant to this Section 5.7 shall be referred to herein as a “New Lease” and collectively as “New Leases.” All references in this Agreement to a “Lease” or to the “Leases” shall include a “New Lease” or the “New Leases,” as the context requires. Notwithstanding the foregoing, if any of the Leases are terminated by action of the Tenant or if any action is required with respect to the Property due to casualty or other unforeseen event, or if a Tenant defaults under a Lease and Seller reasonably determines such Lease should be terminated due to such default, Seller will provide notice thereof to Buyer, and Buyer hereby agrees Seller will have the right to take all actions deemed reasonable and necessary by Seller, in Seller’s commercially reasonable judgment, in response to such events, except that Buyer’s prior written consent (not to be unreasonably withheld or delayed) will be required for any termination, modification or amendment of any existing Lease.
Lease Changes. During the Executory Period, Seller agrees not to (a) execute any new lease(s) or occupancy agreements(s) for the Property without the prior written consent of Purchaser (which consent shall not be unreasonably withheld or delayed) or (b) amend, modify, terminate, or extend any Lease or Occupancy Agreement (except for Permitted Lease Changes), or to voluntarily accept the surrender of any demised premises or the early termination of any Lease or Occupancy Agreement for the Property without the written consent of Purchaser (which consent shall not be unreasonably withheld or delayed).
Lease Changes. The lease and any addenda thereto contain the entire agreement between us and you. No representations have been made by us except as set forth herein. The lease can only be changed in writing signed by both us and you. No oral revisions are permitted.
Lease Changes. Changes to this lease must be made by written addenda to this lease executed by both parties except for changes provided for in Section VII (H) of this lease. The failure of the family to accept the HA’s offer of a revision to existing lease shall be grounds for termination.
Lease Changes. Lease changes are only allowed during the Lease term or renewal period if governed by Par. 10, specified in Special Provisions in Par. 32, or by a written addendum or amendment signed by you and us. At or after the end of the initial Lease term, Rent increases will become effective with at listed in Lease Details, (not to exceed 85% of the highest monthly Rent during the Lease term) if you: (A) fail to move in, or fail to give written move-out notice as required in Par. 25;
Lease Changes. Any of the terms of this lease can be changed upon the mutual consent of the Lessor and the Tenant but to be valid any such changes must be in writing and must be executed with the same formalities as this instrument.
Lease Changes. Each of Ventas and Brookdale shall cause each of the following documents to be executed and delivered to the other party on the date hereof (the “Effective Date”): (i) Amended and Restated Master Lease and Security Agreement in the form of Exhibit C-1 attached hereto (the “Amended and Restated Master Lease”), (ii) Amended and Restated Brookdale Senior Living Inc. July 26, 2020 Guaranty in the form of Exhibit C-2 attached hereto (the “Amended and Restated Guaranty”), (iv) Amended and Restated Letter Agreement in the form of Exhibit C-3 attached hereto (the “Amended and Restated Side Letter”), and (v) Second Amended and Restated Omnibus Agreement in the form of Exhibit C-4 attached hereto (the “Amended and Restated Omnibus Agreement”). On July 27, 2020, Ventas shall pay to Brookdale $6,911,321.66 in immediately available funds, representing the overpayment of July 2020 Minimum Rent (as defined in the Amended and Restated Master Lease), by wire transfer to an account identified by Brookdale. The parties hereby agree that if an error in the calculation of such overpayment is identified following the Effective Date, the parties, each acting reasonably, shall cooperate with each other to correct and remedy such error.
Lease Changes. Changes to this lease must be made by written addenda to this lease executed by both parties.