Lease Addendum
A Lease Addendum is a legal document added to an original lease agreement that modifies or adds specific terms and conditions. It supplements but does not replace, the original lease. Addenda are often used when the landlord and tenant agree on something after the lease has been signed, or to address specific issues that require additional clarification or rules.
Key points about a lease addendum:
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- Purpose: It clarifies or modifies existing lease terms or adds new provisions. This could cover anything from pet policies, parking spaces, or maintenance responsibilities.
- Legal Binding: Once signed by both parties, a lease addendum becomes part of the original lease and is legally enforceable.
- Common Uses:
- Pet Addendum: Specifies rules regarding pets on the property.
- Maintenance Addendum: Outlines tenant and landlord responsibilities for property upkeep.
- Extension Addendum: Details conditions for extending the lease term.
- Negotiation: Just like the original lease, the tenant and landlord can negotiate the terms before signing the addendum.
Example:
If a landlord decides to allow pets in a rental unit after the original lease was signed, they would use a Pet Addendum to outline rules, such as deposit amounts, pet size limits, or specific areas where pets are allowed.
In short, a lease addendum adds flexibility to a lease agreement while ensuring both parties have clear expectations on specific issues.
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