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An add or remove a tenant lease amendment is a legal document that modifies a rental agreement by allowing a tenant to be added to or removed from a lease. The video clarifies the distinction between an addendum and an amendment: an addendum is attached to the original lease and typically created at the outset, while an amendment is a change made after tenants have started residing in the property. Common scenarios for needing such amendments include changes in roommate situations, couples moving in together, or breakups. The video emphasizes understanding these lease amendments and suggests where to find an official template.