Addendum

TXR 2110 — Commercial Lease Addendum for Tenant's Option for Additional Space

TXR 2110 grants a commercial tenant an option to add specified additional space to their leased premises. It defines the additional space, sets a deadline to exercise the option, establishes the amended rent and pro rata share if exercised, and includes a right of first refusal mechanism if a third

Source: TXR
Form Number: 2110
Category: Addendum
Revised: July 8, 2022

Used For

COMMERCIAL_LEASING

Form Outline

The TXR 2110 form is organized into the following sections:

  1. Addendum Header
    Header identifying the parties and property address for this expansion option addendum.
  2. Description of Additional Space
    Describes the additional space including square footage, location, and clarification that rentable area may differ from useable area.
  3. Option Exercise Deadline and Notice
    Sets the deadline for tenant to exercise the option and requires 30 days advance written notice.
  4. Amended Lease Terms Upon Exercise
    Defines the automatic lease amendments when the option is exercised, including new rent amount, new pro rata share, and other custom terms.
  5. Condition of Additional Space
    Default is that tenant takes the additional space as-is with no landlord improvement obligation.
  6. Third-Party Offer and Right of First Refusal
    Creates a right of first refusal mechanism: landlord must notify tenant of third-party offers, and tenant has 7 days to exercise or lose the option.
  7. Special Provisions
    Space for additional expansion-related terms beyond standard provisions.
  8. Execution
    Execution blocks for both parties.

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