Addendum to Residential Lease Agreement

What Is an Addendum To Residential Lease Agreement

An addendum to a Residential Lease Agreement is a mutually agreed supplement to the original lease agreement. This document carries as much legal weight as the original lease and can address particular aspects of the tenancy that were not initially defined or change existing lease terms. It is a convenient tool for adding, editing or deleting provisions in the existing lease agreement. Hence, it provides a method of amendment without the need to rewrite the entire lease.

When to Use Addendum To Residential Lease Agreement

In numerous situations, using an Addendum to Residential Lease Agreement becomes necessary. Among others, the following are the most common:

New Rules or Policies:

If a landlord wishes to implement new rules or policies, such as noise restrictions or parking rules.

Property Alterations:

To agree on any modifications or improvements the tenant makes to the property, such as painting, installing fixtures, etc.

Adding or Removing Tenants:

If new tenants are moving in or old ones are moving out, the lease agreement should be updated using a supplement.

Pet Policies:

If a tenant wishes to bring a pet into the property, the original lease agreement does not account for this.

Rent Adjustments:

If there are any rent changes, rental period changes, or payment methods changes.

How To Fill Out Addendum To Residential Lease Agreement Form

Filling out an Addendum to Residential Lease Agreement involves the following steps:

• Step 1: Mention the date and address of the rental property and the names of the landlord and tenant(s), as they appear in the original lease agreement.
• Step 2: Clearly and precisely describe the amendments, additions, or deletions to the original lease agreement terms. These could include a change in rent amount, the addition of a pet clause, or an update on maintenance responsibilities.
• Step 3: Add an acknowledgment paragraph stating both parties have read, understood, and agreed to the changes.
• Step 4: Have both parties review the form and ask them to sign and date it.
• Step 5: Make copies of the signed addendum and attach it to the original lease agreement. Each party keeps a copy.

When to File Sample Addendum To Residential Lease Agreement

The Sample Addendum To Residential Lease Agreement can be filed any time during the tenancy, provided both parties agree to the changes. The most common times to use a supplement includes:

Beginning of Lease:

Incorporate rules and specifications not included in the original lease agreement.

During the Lease Term:

Rules change, unforeseen circumstances arise, or new agreements are made about the rental property.

Lease Renewal:

To negotiate new terms for the next lease term.

Remember, any lease alteration, change, or supplement should always be in writing to serve as a legal record if disputes arise later. It can be useful for landlords and tenants alike when they need flexibility and adaptability in their rental agreement.