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A Pet Addendum for a Lease is a legal document signed by both landlord and tenant, permitting the tenant to keep a pet in the residence. It is essential because landlords can decide whether pets are allowed, and the addendum outlines the responsibilities and requirements for pet ownership in the rental space. This document typically includes the pet's information and conditions set by the landlord, such as the tenant's full responsibility for their pet, ensuring pets are controlled, preventing excessive disturbances, and covering damages caused by pets. Landlords may also charge additional fees related to pet ownership.