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What are the new renters rights in Colorado?

The new law prohibits a landlord from evicting residential tenants without cause with limited exceptions. Learn more here about these sweeping changes: Colorado Law Update Residential Eviction Changes.

What is a lease modification?

IFRS 16 Leases contains detailed guidance on how to account for lease modifications. A lease modification is defined as a change in the scope of a lease, or the consideration for a lease, that was not part of the original terms and conditions of the lease.

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

Lease amendments and lease addendums are sometimes used interchangeably, but theyre technically two different types of legal documents. A lease amendment helps modify an active lease agreement, while a lease addendum clarifies or adds to a clause in the original document.

How do you write an amendment to a lease?

Key elements of a lease amendment form Identifying information. Reference to the original lease. Description of amendments. Effective date. Signatures. Notarization (if required).