Misconception · MIS:every-lease-modification-is-a-new-contract

Mistaken idea “Every lease modification is a new contract”

Mistaken reasoning: This mistake skips the additional right and commensurate price test.

Updated Aug 21, 2026 Review due Nov 8, 2026

Why this is mistaken

A separate contract requires an additional right of use and a commensurate standalone price. Other modifications reroute or remeasure the existing lease.

Where to watch

When this mistake may appear

  • The parties sign an amendment.
Check your work

Your work may contain this mistake if:

  • Start a second lease schedule without evaluating the existing contract's rights and price.