Lease Addendum Change Of Ownership for the United States

Lease Addendum Change Of Ownership Template for United States

A Lease Addendum Change of Ownership is a legal document used in the United States to formally document the transfer of landlord rights and responsibilities from one property owner to another while maintaining the existing lease agreement with the current tenant(s). This document ensures compliance with federal and state landlord-tenant laws while providing clear documentation of the ownership change, new payment instructions, and ongoing lease obligations.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Lease Addendum Change Of Ownership

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Lease Addendum Change Of Ownership?

The Lease Addendum Change Of Ownership is essential when real property under an active lease agreement changes ownership. This document serves as a formal notification to tenants and ensures a smooth transition of landlord responsibilities while maintaining the validity of the existing lease. Under U.S. federal and state laws, this addendum protects both the new owner's and tenant's rights by clearly documenting the change in ownership, providing updated payment and contact information, and confirming the continuation of existing lease terms. It is particularly important for maintaining clear records and preventing potential disputes regarding lease obligations and property management responsibilities.

What sections should be included in a Lease Addendum Change Of Ownership?

1. Parties: Identifies new owner, existing tenant(s), and previous owner

2. Background: States original lease date and property transfer details

3. Definitions: Defines key terms used in the addendum

4. Notice of Transfer: Formal notification of ownership change

5. Continuation of Lease Terms: Confirmation that original lease terms remain in effect

6. New Payment Instructions: Updated rent payment details and procedures

7. Signatures: Execution by all parties

What sections are optional to include in a Lease Addendum Change Of Ownership?

1. Property Management Changes: Details of new management company if applicable - use when property management company changes

2. Security Deposit Transfer: Confirmation of deposit transfer to new owner - use when security deposit is held

3. Maintenance Procedures: New maintenance request procedures - use when maintenance procedures change

What schedules should be included in a Lease Addendum Change Of Ownership?

1. Original Lease Agreement: Copy of the existing lease being transferred

2. Property Transfer Documentation: Evidence of property ownership transfer

3. New Owner Contact Information: Detailed contact information for new owner/management

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

United States

Publisher

Genie AI

Cost

Free to use
Industries

Fair Housing Act: Federal law prohibiting discrimination in housing transactions, must be considered when drafting ownership transfer documents to ensure compliance with anti-discrimination provisions

Americans with Disabilities Act: Federal law protecting rights of disabled tenants, relevant when transferring property ownership to ensure continuation of any reasonable accommodations

Servicemembers Civil Relief Act: Federal law providing protections to active duty military personnel in rental situations, must be acknowledged in ownership transfer

State Landlord-Tenant Laws: State-specific regulations governing the landlord-tenant relationship, varying by jurisdiction, crucial for determining proper transfer procedures

State Property Laws: State-specific laws governing real estate ownership and transfer, essential for proper documentation of ownership change

State Security Deposit Laws: State-specific regulations governing the handling and transfer of security deposits during ownership changes

State Notice Requirements: State-mandated notification periods and procedures for informing tenants of ownership changes

Municipal Housing Codes: Local regulations governing property maintenance and habitability standards that new owner must comply with

Local Rental Registration: City or county-specific requirements for registering rental properties under new ownership

Security Deposit Transfer Provisions: Specific terms regarding the transfer of security deposits from previous owner to new owner, including accounting requirements

Lease Assignment Provisions: Terms specifying the assignment of existing lease rights and obligations from previous owner to new owner

Rent Payment Instructions: Updated instructions for rent payment procedures under new ownership, including new payment methods or addresses

Property Management Changes: Documentation of any changes in property management structure or contact information under new ownership

Insurance Requirements: Specifications regarding any changes in insurance requirements or policies under new ownership

Maintenance Responsibility Documentation: Clear delineation of maintenance and repair responsibilities under new ownership structure

Record-Keeping Requirements: Documentation requirements for maintaining tenant records and lease information during and after ownership transfer

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Addendum Mou

A U.S.-governed legal document that modifies an existing Memorandum of Understanding, updating specific terms while preserving other original provisions.

find out more

Lease Termination Addendum

A U.S.-compliant legal document that modifies an existing lease agreement to formally terminate the tenancy and outline the rights and obligations of all parties during the termination process.

find out more

Employment Contract Renewal Request Letter

A formal U.S.-compliant letter requesting renewal of an existing employment contract, outlining employee achievements and continued employment interest.

find out more

Booking Agent Agreement Non Exclusive

A U.S.-governed agreement establishing a non-exclusive relationship between a booking agent and artist for securing performances and appearances.

find out more

Booking Agent Agreement

A U.S. legal agreement establishing the terms and conditions between a booking agent and artist/talent for securing performance opportunities and representation.

find out more

Utility Addendum To Lease

A U.S. legal document that supplements a lease agreement by specifying utility responsibilities and payment arrangements between landlord and tenant.

find out more

Tenant Pet Agreement Form

A U.S. legal document that establishes terms and conditions for keeping pets in rental properties, supplementing the main lease agreement.

find out more

Tenant Occupied Property Addendum To Agreement Of Sale

A U.S.-governed addendum to a property sale agreement specifically addressing the transfer of tenant-occupied property and associated obligations.

find out more

Swimming Pool Lease Addendum

A U.S. legal document that supplements a lease agreement with specific terms and conditions for swimming pool use and maintenance.

find out more

Swimming Pool Addendum To Lease

A U.S. legal document that supplements a residential lease agreement by establishing rules and responsibilities for properties with swimming pools.

find out more

Storage Addendum To Lease

A U.S. legal document that modifies an existing lease to include terms for additional storage space provided to the tenant.

find out more

Simple Addendum Template

A U.S.-compliant template for modifying existing contracts through formal written amendments.

find out more

Short Term Lease Addendum

A U.S. legal document that modifies an existing lease agreement for a short-term period, subject to federal, state, and local rental regulations.

find out more

Short Sale Addendum

A U.S. legal document that modifies a purchase agreement to accommodate short sale terms and lender approval requirements.

find out more

Seller Name Change Addendum To Real Estate Contract

A U.S. legal document that amends a real estate contract to reflect the seller's legal name change while preserving the original contract's terms.

find out more

Seller Financing Addendum To Real Estate Purchase Contract

A U.S. legal document establishing terms for seller-provided financing in real estate transactions.

find out more

Seller Financing Addendum

A U.S. legal document establishing terms when a property seller provides financing to the buyer.

find out more

Sales Price Change Addendum

A U.S.-compliant legal document that modifies the price terms in an existing sales agreement while maintaining other original contract terms.

find out more

Roommate Lease Addendum

A U.S. legal document that modifies an existing lease to add new roommates and define their rights and responsibilities.

find out more

Roommate Addendum To Lease Rental Agreement

A U.S. legal document that formally adds new roommates to an existing lease agreement while defining shared responsibilities and obligations.

find out more

Residential Pet Agreement

A U.S. legal document that establishes terms and conditions for keeping pets in residential rental properties.

find out more

Residential Lease Addendum Template

A U.S. legal document that modifies or supplements an existing residential lease agreement while maintaining compliance with federal, state, and local housing laws.

find out more

Rental Pet Agreement Template

A U.S.-compliant agreement establishing terms for pet ownership in rental properties.

find out more

Rental Pet Agreement Form

A U.S. legal document establishing terms and conditions for keeping pets in rental properties, supplementing the main lease agreement.

find out more

Rental Pet Agreement

A U.S. legal agreement that establishes terms and conditions for keeping pets in rental properties, supplementing the main lease agreement.

find out more

Rental Lease Pet Addendum

A U.S. legal document supplementing a lease agreement that establishes terms and conditions for keeping pets in rental properties.

find out more

Rental Contract Extension Addendum

A U.S. legal document that extends an existing rental agreement's term while maintaining or modifying its original conditions.

find out more

Rental Arbitrage Lease Addendum

A U.S. legal document that modifies a lease agreement to permit and regulate short-term rental arbitrage operations.

find out more

Rental Agreement Extension Addendum

A U.S. legal document that extends an existing lease agreement's duration while maintaining or modifying original terms.

find out more

Rental Agreement Addendum To Extend Lease

A U.S. legal document that extends an existing lease agreement's duration while maintaining or modifying other terms of the original lease.

find out more

Rent Increase Lease Addendum

A U.S. legal document that modifies an existing lease agreement to implement and document a rent increase while maintaining compliance with applicable laws.

find out more

Real Estate Personal Property Addendum

A U.S. legal document specifying personal property items included in a real estate sale, supplementing the main purchase agreement.

find out more

Real Estate Name Change Addendum

A U.S. legal document that amends property records to reflect an owner's name change while maintaining clear chain of title.

find out more

Real Estate Contract Extension Form

A U.S. legal document that extends the termination date of an existing real estate purchase agreement while maintaining original contract terms.

find out more

Real Estate Contract Extension Addendum

A U.S. legal document that extends the timeline or modifies terms of an existing real estate purchase agreement.

find out more

Real Estate Contract Extension

A U.S. legal document that extends the timeline of an existing real estate purchase agreement while maintaining other original contract terms.

find out more

Real Estate Contract Amendment Template

A U.S.-compliant template for modifying existing real estate purchase agreements while maintaining legal validity under federal and state laws.

find out more

Real Estate Closing Date Addendum

A U.S. legal document that modifies the closing date in a real estate purchase agreement.

find out more

Real Estate Amendment Form

A U.S. legal document used to modify existing real estate contracts while maintaining compliance with federal and state regulations.

find out more

Real Estate Addendum To Extend Closing Date

A U.S. legal document that modifies the closing date in a real estate purchase agreement while maintaining other original contract terms.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now