It is mutually understood and agreed by and between the undersigned contracting parties to amend that previously executed agreement as follows: As per our letter dated XXXXX, the tenant undertakes to pay the owner monthly rent amount to $ 2000 which effective from 1st June 2013. The tenant shall deduct $1000 from monthly rent to pay the monthly rent of $ 1000 for 12 months effective from 1st June 2013 in order to reimburse all expenses incurred for the mezzanine floor work in the rented warehouse.
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Speaking from experience, I have a couple of comments. If I understand your situation, you have a standing rental agreement with a "tenant" whom agreed to rent your warehouse for $2000 a month originally, and now both the landlord (you) and your tenant agree to revoke the previous rental agreement due to an issue with the flooring. First of all, I presume this is a 12 month lease, not a month-