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An add or remove tenant lease amendment is a document that allows for the addition or removal of a tenant from a rental agreement. The video tutorial clarifies the distinction between an addendum and an amendment, noting that an addendum is attached to the original lease upon signing, while an amendment modifies the lease after the tenant has moved in. Common scenarios for these amendments include changes in roommate situations, couples moving in together, or breakups. The video also provides guidance on obtaining an official lease amendment template to ensure compliance with legal requirements when making these changes.