Rental Agreement

A Lease Amendment is a handy tool for both landlords and tenants, making it simple for both parties to document an agreement to modify the terms of the original lease. Essentially, it allows you to change certain terms, while leaving the rest of the lease intact and in full effect.

The early termination is complete upon Landlord's receipt of written notice, payment of the early termination fee and all other rent owed, and Tenant vacating the property. Should the tenant fail to give property notice, pay the early termination fee, or pay outstanding rent, the early termination is deemed void.

If you are a leaseholder, you cannot change the lease terms without agreeing such change with your landlord. The reason for this is that as the lease is a contract between two parties, the leaseholder and the landlord, both parties must agree to change (referred to also as variation) of the terms of the lease.

When a landlord and tenant sign a lease agreement it forms a legally binding contract. The lease cannot be altered except through another written agreement signed by both parties unless the original lease specifically gives a party the power to change something on their own.

A lease addendum allows a landlord or tenant to make changes to a current residential or commercial lease agreement.Once both parties agree and sign, the addendum should be added to the original lease.

A lease is automatically void when it is against the law, such as a lease for an illegal purpose. In other circumstances, like fraud or duress, a lease can be declared void at the request of one party but not the other.

An addendum must include the basic elements of any landlord/tenant agreement. You should include the date, the address of the rental property and the names of each party just as you would in the original lease.