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 standard lease agreement often covers a fixed term like one year. During this term, neither the tenant nor the landlord can change the lease terms without mutual consent. For leases over a month, North Carolina law permits security deposits up to two months' rent.
In general, things to include in a lease addendum might be: Your name. The rental property address. The tenant's name. Relevant policy/information (that complies with your state/municipal's rental laws) Consequences for breaking any contract agreements. Space to sign & date for landlord. Space to sign & date for tenant.
A lease addendum is a document that is added to an existing lease agreement to introduce additional terms, conditions, or provisions without altering the original lease terms.
Yes you can. The terms of a lease can be changed at any time upon mutual agreement of the parties.
The addendum is a formal document that contains the newly agreed-upon terms while retaining the rest of the original lease agreement in full force. Both parties, the landlord and tenant who initially signed the lease, must sign the addendum for it to be legally binding.
A contract addendum is an additional document that is attached to the original contract. It is used to include supplementary information, such as additional terms, conditions or provisions. Unlike an amendment, a contract addendum does not modify the existing terms of the contract, but rather it expands upon them.
Does an addendum supersede a lease? The addendum is a part of the lease agreement. Therefore, it does not stand on its own. However, the addendum should make references to the lease, contain the same date and name of parties as in the original lease agreement.