A lease amendment is a document that allows landlords and tenants to make changes or additions to an existing lease agreement without the need to create an entirely new contract. It is a flexible tool that ensures both parties are on the same page when adjustments are required during the lease term.
Lease addendums are used to provide additional information that the original lease does not cover.” In other words, a lease addendum allows you to add an additional document to or adjust the terms of your existing rental agreement.
Let's take a look at California first. This state's short term rental definition is fairly standard, with STRs being rentals that last fewer than 30 days. However, property managers in major cities like Los Angeles and San Diego are also required to follow registration and licensing rules specific to the city.
Key takeaways: A contract amendment is a formal alteration or modification made to an already signed contract. A contract addendum is an additional document that is attached to the original contract. The decision to use an addendum or an amendment depends on the nature of the changes being made.
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.