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An add or remove a tenant lease amendment allows for the legal addition or removal of a tenant from a rental agreement. The video clarifies the distinction between an addendum, which is attached when a lease is first signed, and an amendment, which is a later change to the lease. Common reasons for such amendments include changes in roommate situations or relationship dynamics. The tutorial also covers important details regarding these lease amendments and where to find an official template for them. Overall, it focuses on understanding the process and implications of modifying a tenant's status on a lease.