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An add or remove a tenant lease amendment is a document that modifies an existing rental agreement to add or remove a tenant. The video clarifies the distinction between an addendum, which is attached when the lease is initially signed, and an amendment, which is a later change. Common reasons for such amendments include changes in roommates or couples moving in together or breaking up. The video covers essential information about these lease amendments, including where to find an official template for creating one. Overall, understanding these concepts is crucial for managing tenancy changes effectively.