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What is Lease Agreement Annex: Rent Reduction about?

This document is an annex to a lease agreement previously signed between Enrique Araneda as the landlord and Ernesto Alvarez as the tenant of an apartment in Viña del Mar. The annex modifies the rent clause for three months, reducing the amount from $310,000 to $250,000 due to the economic crisis caused by the COVID-19 pandemic. The reduction will only apply for June, July, and August 2020, with the rent returning to the original amount in September.

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