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A lease addendum is a change to an original lease contract that is agreed upon and signed by both the lessor and the lessee. A lease addendum can include a change in the length of the lease, the payment amount, the payment schedule, as well as any other terms and conditions that both parties agree to.
For example, ?This Addendum amends the Agreement dated [DATE] between [PARTY 1 NAME] and [PARTY 2 NAME].? Clear and specific language outlining the changes, clarifications or additions being made. This should leave no ambiguity regarding how the original contract is being modified.
Yes, it is possible to make changes to an existing tenancy agreement by adding an addendum. How is a lease amended? If you are a leaseholder, you cannot change the lease terms without agreeing such change with your landlord.
An addendum to a tenancy agreement is an extra document that is added to the original tenany agreement. It contains additional provisions that the landlord and tenant have agreed on.
How to write an addendum to a contract in 7 easy steps Consider and mirror the language of the original contract. Choose an addendum title. Make clear the parties involved. Clarify the part of the original contract the addendum refers to. Ensure compliance with the original contract and all other relevant regulations.