Amendment of Lease Package - New York 2025

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The fee that the Lessee pays the Lessor to make a change to the Lease Agreement; for example, to change to the name of the Lessee.
Like an addendum, a contract amendment is also an addition to a contract or agreement. An amendment, however, is generally not used to add terms and conditions, but rather to change existing terms and conditions.
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.
Key takeaways: A contract amendment is a formal alteration or modification made to an already signed contract. A contract addendum is an additional document that is attached to the original contract. The decision to use an addendum or an amendment depends on the nature of the changes being made.
Yes you can. The terms of a lease can be changed at any time upon mutual agreement of the parties.
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An addendum is attached to a contract to create additional terms, and an amendment changes the terms within an existing contract. All contracts require amendments, but not all contracts require addenda.
Changing Closing Date: Amendments are useful for altering the agreed-upon closing date in real estate transactions. Addendum for Additional Items: When adding items like furniture or appliances to the property sale, an addendum can be used.

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