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An add or remove a tenant lease amendment is a legal document that modifies a rental agreement, enabling a tenant to be added or removed from the lease. The video clarifies the distinction between an addendum and an amendment: an addendum is attached when the lease is initially signed, while an amendment occurs later. Common scenarios necessitating these amendments include changes in roommate dynamics, couples moving in together, or breakups. The video provides essential insights about these lease amendments and guidance on obtaining an official template for creating one.