A lease addendum, is a document that is added to an existing lease agreement in order to make changes or additions to the original terms of the lease.
To add an addendum to a lease, the landlord and tenant(s) should both review and sign the document, and it should be added to the original lease agreement as an attachment. It's important to note that the addendum should be consistent with the original lease agreement and should not contradict any existing terms.
It's important to note that lease addendum laws vary by state and local jurisdiction, so it's important to consult with a lawyer or legal professional to ensure that the addendum is in compliance with all applicable laws and regulations.
An example of a lease addendum would be an addendum to a lease to add a tenant. The addendum would include the new tenant's name and contact information, and it would outline the new tenant's responsibilities under the lease agreement. It would also explain how the new tenant's presence will affect the original lease agreement.
To reiterate, when drafting an addendum to a lease, it is important to ensure that it is aligned with the original lease agreement, does not conflict with any current terms and it is easy to understand. The addendum must be clearly written, signed, and dated by both the landlord and tenant(s) before it can be legally attached to the original lease agreement.
In conclusion, a lease addendum is a useful tool for making changes or additions to an existing lease agreement. It is often used for a variety of reasons such as adding a tenant to an existing lease, changing the rent amount, or outlining specific rules and regulations for the property. To add an addendum to a lease, both the landlord and tenant(s) should review and sign the document, and it should be attached to the original lease agreement. It is important to ensure that the addendum is consistent with the original lease agreement and does not contradict any existing terms. Additionally, it's important to note that lease addendum laws vary by state, so it's important to consult with a lawyer or legal professional to ensure compliance with all applicable laws and regulations.
Hello and welcome!My name is Nick Caucci and I help run the Rentroom blog. Over the years, I have seen and helped many different property managers and owner-operators streamline their daily, weekly, monthly, and yearly workflows.