A Real Estate Lease Addendum becomes necessary when parties to an existing lease agreement need to modify or add terms without creating an entirely new lease. Common situations requiring an addendum include changes in rent, addition of new tenants, pet policies, property modifications, or updated maintenance responsibilities. This document must comply with U.S. federal housing laws and state-specific regulations. The addendum should clearly reference the original lease and specify which terms are being modified while affirming that all other original lease terms remain in effect. It's crucial for maintaining clear documentation of changes and protecting all parties' interests.
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1. Identification of Original Lease: References the original lease agreement including date and parties
2. Parties: Names and details of landlord and tenant(s)
3. Purpose of Addendum: Clear statement of what is being modified or added to the original lease
4. Modified Terms: Specific changes or additions to the original lease
5. Effect on Original Lease: Statement that all other terms of original lease remain in effect
6. Signatures: Execution block for all parties
1. Definitions: Required if new terms are being introduced that need explanation
2. Additional Rent Terms: Changes to rent amount or payment terms, used when modifying financial aspects
3. Property Modifications: Details of approved changes to the property, used when allowing alterations
4. Pet Addendum: Terms relating to pets in the property, used when modifying pet policies
1. Schedule A - Modified Payment Terms: Details of any changes to rent or payment schedule
2. Schedule B - Property Modifications: Drawings or specifications for approved property changes
3. Schedule C - Additional Rules and Regulations: Any new or modified rules being added to the lease
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