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An add or remove a tenant lease amendment is a legal document that modifies a rental agreement to add or remove a tenant. The video explains the distinction between an addendum, which is attached to the lease when signed, and an amendment, which is a change made after the lease has begun. Common scenarios for amending a lease include changes in roommates, couples moving in together, or breakups. The tutorial covers important insights into lease amendments and directs viewers to where they can find an official template for these documents.