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RESIDENTIAL TENANCY AGREEMENT Addendum 18. LIQUIDATED DAMAGES a) b) 19. If the Tenant terminates the tenancy before the expiry, a sum of equivalent to TWO (2) months rent will be charged by the Landlord
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How to fill out residential tenancy agreement addendum
How to fill out a residential tenancy agreement addendum:
01
Start by reviewing the existing residential tenancy agreement: Before filling out the addendum, carefully read through the original residential tenancy agreement. This will help you understand the existing terms and conditions, and identify any specific changes or additions that need to be made.
02
Identify the purpose of the addendum: Determine the reason for creating the addendum, whether it's to address a change in rental terms, add new rules or regulations, or modify any provisions of the original agreement. This will guide you in crafting the content of the addendum.
03
Clearly express the amendment: Begin the addendum by clearly stating its purpose and providing a brief introduction. Use clear and concise language to ensure that the amendment is easily understood by both parties.
04
Specify the changes: Outline the specific changes you wish to make to the original residential tenancy agreement. This can include details such as rental price adjustments, modifications to utility responsibilities, or additional clauses addressing specific issues.
05
Include any additional terms or conditions: If there are any new rules, regulations, or conditions that need to be implemented, make sure to include them in the addendum. Clearly state these additional terms and ensure they are fair and legally enforceable.
06
Date and sign the addendum: At the end of the document, provide spaces for all parties involved to print their names, sign, and date the addendum. This ensures that both the landlord and tenant acknowledge and agree to the changes made.
Who needs a residential tenancy agreement addendum?
01
Landlords: Landlords may need a residential tenancy agreement addendum if they need to make changes to the existing tenancy agreement, such as modifying the rental terms, imposing new rules or regulations, or addressing any other specific issues that may arise during the tenancy.
02
Tenants: Tenants may also require a residential tenancy agreement addendum if they wish to propose changes to the existing agreement, such as requesting a rental price adjustment, addressing maintenance or repair concerns, or adding additional terms that would benefit both parties.
03
Both parties: In some cases, a residential tenancy agreement addendum may be mutually agreed upon by both the landlord and tenant to make alterations or additions to the original agreement that are beneficial and agreed upon by both parties. This ensures transparency and clarity in the tenancy arrangement.
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What is residential tenancy agreement addendum?
A residential tenancy agreement addendum is a document that is added to an existing lease agreement to modify or add additional terms and conditions.
Who is required to file residential tenancy agreement addendum?
Landlords and tenants are required to jointly file a residential tenancy agreement addendum.
How to fill out residential tenancy agreement addendum?
To fill out a residential tenancy agreement addendum, both the landlord and tenant must review and agree upon the changes or additions to the original lease agreement, then sign and date the addendum.
What is the purpose of residential tenancy agreement addendum?
The purpose of a residential tenancy agreement addendum is to make changes or add additional terms to an existing lease agreement without having to create an entirely new lease.
What information must be reported on residential tenancy agreement addendum?
The residential tenancy agreement addendum must include clear details of the changes or additions being made to the original lease agreement, along with signatures and dates from both parties.
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