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An add or remove a tenant lease amendment is a document that modifies a rental agreement, allowing a tenant to be added or removed from a lease. The video clarifies the distinction between an addendum, which is attached at the lease signing, and an amendment, which occurs later. Common scenarios for needing an amendment include changes in roommate arrangements, couples moving in together, or breakups. The tutorial outlines essential information on lease amendments and where to find an official template, emphasizing the importance of understanding these concepts when altering a lease.