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An add or remove a tenant lease amendment is a document added to a rental agreement allowing a tenant to be added or removed from a lease. The key points discussed in this video include the difference between an addendum and an amendment, with addendum being attached to the original lease and an amendment being a change made at a later date. Common situations for adding or removing a tenant include roommates coming or going, people in a relationship moving in together, or a breakup. The video provides information on how to add or remove a tenant from a lease.