A tenant or a landlord may need to change the original lease agreement's terms.
Even though this is most often initiated on the part of the landlord, the two can negotiate on any proposed new terms informally before putting the amendments down in writing when in approval. While an oral agreement may work well enough, it is best to create a Residential Lease Amendment and make it official.
The Residential Lease Amendment alters the terms of an existing lease agreement. There can be any number of reasons for an amendment. Perhaps the landlord needs to increase the rent to keep up with inflation. Other causes include allowing pets, subletting, adding parking space, allowing construction work, and other terms that may encourage tenant retention.
Without an appropriate Residential Lease Amendment, a tenant who does any of the previously forbidden acts above could be considered in violation of the lease and risk an early termination.
Depending on your state, a Residential Lease Amendment may also be known as:
In most instances, a Residential Lease Amendment is used when both the tenant and landlord want to extend a lease without creating an entirely new agreement. Other than that, long-term renters and landlords may expect the terms of the lease agreement to change from time to time, which they can document with a Residential Lease Amendment.
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A Residential Lease Amendment contains newly negotiated terms potentially separate and different from those of the existing lease agreement.
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The landlord and the tenant must sign the Residential Lease Amendment. Notarization is not needed.
After you have generated your Residential Lease Amendment on 360 Legal Forms, download your document and print out a copy for distribution to both the landlord and the tenant. It is to be attached to the original lease agreement.
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