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Is an addendum?

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

What does lease up mean Nycha?

One- year lease term: NYCHA will process the one-year lease renewal 1.5% increase upon completion of a successful rent reasonableness valuation after the first 6 months of the lease. Once the increase in rent is found to be reasonable, NYCHA will automatically process the increase.

What is a typical lease to purchase agreement?

The seller (the landlord) and the potential buyer (the tenant) agree to an arrangement whereby the purchaser/tenant pays a deposit to the seller/landlord, and both parties sign a lease agreement for a specified term at the end of which, the tenant will be able to elect whether or not to purchase.

What is a cleanliness clause?

In fact, during his One Direction days, the bandmates had something called a cleanliness clause baked into their contracts, which had strict stipulations about how they could and couldnt behave publicly and what they could and couldnt say in interviews.

How do you write a good lease agreement?

How to create a lease agreement Collect each partys information. Include specifics about your property. Consider all of the propertys utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.

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