Curious To Know About The Lease Addendum?
Here's a definition of an addendum. A lease addendum is an official document that is added to a lease agreement in order to modify the terms of the agreement. The addendum must be signed by both the landlord and the tenant in order to be legally binding. A lease addendum can be used to make changes to any aspect of the lease agreement, including the rent amount, the length of the lease, or the pet policy.
In some cases, a lease addendum may also be used to add new clauses to the agreement, such as a clause specifying that the tenant will be responsible for paying for utilities. Ultimately, a lease addendum provides a way for both landlords and tenants to make changes to their agreements without having to be completely rewritten.
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