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The "Add or Remove a Tenant Lease Amendment" video tutorial explains the use and importance of lease amendments in rental agreements. An amendment legally permits the addition or removal of a tenant after the lease has been signed. It differentiates between an addendum, which is attached when the lease is first signed, and an amendment, which alters the lease later on. Common scenarios for amendments include changes in roommate situations or relationship dynamics. The video also guides viewers on where to find an official template for these amendments and emphasizes that any lease change signifies an update to the original rental agreement.