Lease Amendment

An amendment to Lease Agreement, also known as a lease modification agreement, is a document that describes any changes, revisions, or additions to a lease agreement that a tenant or landlord may make. It’s also known as a lease addendum or a lease modifying agreement, among other things.

If conditions have changed since the initial Lease Agreement was signed, a formal modification to the Lease Agreement may be required. Common applications include adding a new roommate, changing the payment date or amount of rent, extending the lease’s expiration date, and amending the rent payment date.

The way you create a lease modification will be heavily influenced by the content of the add-on or the policy itself. In general, the following items should be included in a Rental Amendment:

Rental Amendments, like lease agreements, must conform with any landlord-tenant legislation and should be evaluated by a Lawyer. It’s vital for your rental business that any contracts you and your renters sign adhere to legal leasing regulations.

A Rent Amendment is typically used to make modifications to the following:

Almost any alteration to the lease agreement can be made as long as both parties agree to it.

Yes, except for the provisions amended by a Lease Amendment, the original terms of the Lease Agreement remain in effect. For example, if your Rent Amendment just changes the amount of rent, the acceptable rent payment methods will remain the same.

A lease amendment is a convenient way to make simple changes that can be documented in a paragraph or two. If you do not employ a lease modification, you may be left with lease conditions that are adverse to you or the other party. Alternatively, you will have to go through the effort and expense of establishing a new lease agreement, which may require you to renegotiate certain elements that you were not expecting.