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An add or remove a tenant lease amendment is a legal document that modifies a rental agreement, allowing for changes in tenancy. The video explains key aspects of these amendments and where to find an official template. It clarifies the difference between two terms: an addendum, which is a document attached at the lease's inception, and an amendment, which is made after the lease has commenced. Common scenarios for amending a lease include changes in roommate dynamics, couples moving in together, or post-breakup situations. The video provides guidance on the process of adding or removing a tenant, highlighting the necessary changes to the lease.