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An add or remove a tenant lease amendment is a document that legally modifies a rental agreement to add or remove a tenant. The video clarifies the distinction between an addendum and an amendment: an addendum is attached to the original lease when it is first signed, whereas an amendment is made later. Common reasons for amending a lease include changes in roommate situations, couples moving in together, or breakups. The process of adding or removing a tenant involves legally altering the lease, and it's essential to understand these changes to ensure proper documentation. The video also suggests where to find an official template for lease amendments.