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In this video tutorial, we learn that an add or remove a tenant lease amendment is a document added to a rental agreement that legally allows a tenant to be added to or removed from a lease. The key points highlighted include the difference between an addendum and an amendment, with an addendum being attached to an original lease while an amendment is a change made to the lease at a later date. Common situations for adding or removing a tenant include roommates changing, people moving in together, or breakups. The video also mentions where to find an official template for such lease amendments.