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A lease extension addendum is a legal document extending a lease between a landlord and a tenant. It can also change conditions such as the rent amount, security deposit, utilities, and other provisions. If no changes are made other than the termination date, all other terms of the original lease will remain in place.
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. For instance, the lease may allow the landlord to change the rules on having animals at any time.
An addendum can be used to change a tenancy agreement if both parties agree to the changes. The addendum should be specific, detailed, and clearly explain the changes that are being made.
Yes, you can make a rental agreement in more than 1 person's name. This is usually when two or more bachelors decide to rent a place.
What is an Addendum To Rental Agreement? An addendum to rental agreement is a separate legal document to the standard rental agreement that lays out additional rules or obligations. This document is prepared by the landlord or lessor and must be signed by the renter/tenant or lessee in order to be valid.