Side Letter Deed | Contract Template

Variation to Lease - Side Letter Deed

$595.00

This variation to a lease is also known as a Side Letter Deed.  A side letter deed is something that parties to a commercial or retail lease intend to be legally binding. It can be used by parties who have agreed to a small number of supplementary arrangements in connection with a lease which does not require a formal variation (for example, a landlord granting certain rent concessions to the tenant for a limited period of time due to COVID-19)

Description

This Side Letter Deed sets out the terms on which a landlord and tenant will agree to supplemental changes that will vary their lease.

Side letter deeds are generally used for temporary concessions to the tenant for example: where landlord has to carry out small work on the premises, rent concessions, relaxation on restrictions on tenant alterations to the premises.

Side letters can be a convenient way to supplement the existing arrangements under a lease and enable both parties to temporarily and confidentially adjust their rights and obligations under the lease. Where the lease is, or is intended to be registered, side letters are a common tool used by parties to record terms they want to keep confidential.

For more complex arrangements (e.g detailed tenant incentives), it is preferable to use a formal deed rather than this letter format.

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Key Features

  • Side Letter Deed aka variation to lease
  • Provisions relating to guarantor (can be removed)
  • multiple execution clauses to cover whether you are a trust, incorporated entity i.e. a pty ltd, sole trader etc

Bonus 1: Free updates!  Say what?!  Yep every time there is a change to the law or if we get feedback from our awesome clients (which we use to improve our templates), you get a free update for life! Just make sure that you keep your details updated! #winning!

Bonus 2: Free consultation!  Book here after purchase 

Bonus 3: User Guide - setting out step by step how to complete the Side Letter Deed.

Comes in Word format.

For Who

Any commercial landlord that needs to vary their lease with minor supplemental changes including those required due to COVID-19.

For What

This Side Letter Deed is to make supplemental changes to a lease. Protect yo’self!

Note

Please note that using our online services and templates doesn’t constitute legal advice and doesn’t create a lawyer-client relationship between you and Foundd Legal. If you have questions about the contract template why not book in a free consultation? The information offered on www.founddlegal.com should be considered informational only and is NOT LEGAL ADVICE.

Jurisdiction: All Australian jurisdictions. This template adheres to Australian principles of contract law and is designed for those doing business in Australia. While similar principles may apply in your jurisdiction, please consult with a lawyer qualified in your jurisdiction.

 

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