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What is the difference between a lease addendum and an amendment?

An add or remove tenant lease amendment is used to change the number or identity of tenants on a lease without requiring a new agreement. By executing this document, all parties agree to alter the tenants listed on the lease without changing any of its other terms, such as the rental price.

What does an amendment do to a contract?

A contract amendment allows the parties to make a mutually agreed-upon change to an existing contract. An amendment can add to an existing contract, delete from it, or change parts of it. The original contract remains in place, only with some terms altered by way of the amendment.

Can you make changes to a lease after signing?

Yes you can. The terms of a lease can be changed at any time upon mutual agreement of the parties.

What does an amendment to a lease mean?

A lease amendment is a document between a landlord and tenant that can be used to legally modify the terms in an active lease agreement. Adding a lease amendment to an existing lease can ensure landlords are fully protected when changes occur that the original document does not cover.

What does the first amendment to lease mean?

A first amendment lease allows you to make a decision so that you can get the equipment you need and still have the option to buy it down the road. When the lease term expires, you are able to exercise the right to purchase the equipment at a fair market price.

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