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A Pet Addendum for a Lease is a legal document signed by both the landlord and tenant that allows the tenant to keep a pet in the residence. It is important because landlords have discretion over pet policies, and the addendum outlines specific requirements for pet ownership. Common stipulations in a Pet Addendum include the tenant’s full responsibility for the pet, ensuring the pet is controlled, minimizing disturbances on the property, and covering any damage caused by the pet. Additionally, landlords may charge a non-refundable pet fee or deposit to cover potential damages.