For the last six or seven months, lease modifications and amendments have been abundant. While many of the modifications and amendments have been pandemic related and frustrating for the parties, the good news is that like lease renewals or assignments, modifications and amendments provide a chance for landlords to correct any mistakes made in the original lease. It is also a good opportunity to address any changes that may have occurred since the original lease was executed. Cleaning up earlier mistakes will pay dividends if litigation ever ensues over the lease or its terms.
The following are five lease provisions that ought to be reviewed and addressed if the opportunity arises: