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A lease amendment form is added to a rental agreement after a tenant has begun occupancy, making legal changes to the lease and tenancy. The video explains key aspects of lease amendments and provides sources for official templates. It clarifies the difference between an addendum, which is attached at the onset of the lease, and an amendment, which alters the lease after the tenant has moved in. Using official documents for amendments is crucial as they provide legally binding records and signatures. Verbal agreements between tenants and landlords lack hard copy evidence, making written amendments essential to prevent future disputes.