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INDIVIDUAL LEASE CONTRACT ADDENDUMDate(ARTICLE IV, SECTIONS 119) IN CONSIDERATION OF THE MUTUAL TERMS, COVENANTS AND CONDITIONS SET FORTH HEREIN AND IN THE INDIVIDUAL LEASE CONTRACT MADE AS OF THEY

How to fill out individual lease contract addendum

How to fill out an individual lease contract addendum:

Review the existing lease contract:

1. Start by thoroughly reading the original lease contract.
2. Understand the terms and conditions mentioned in the main lease agreement.
3. Identify the areas that require modifications or additional clauses.

Identify the purpose of the addendum:

1. Determine the specific reasons for needing the addendum.
2. Examples could include extending the lease term, adding or removing tenants, or making changes to rent payments.

Draft the addendum:

1. Begin by clearly stating the title of the document, such as "Individual Lease Contract Addendum."
2. Include the date of the addendum to establish its validity.
3. Specify the parties involved, including both the landlord/property manager and the tenant(s).
4. Clearly state the purpose and objective of the addendum, explaining the changes or additions being made to the existing lease contract.

Detail the modifications or additions:

1. Clearly outline the specific modifications or additions to the lease agreement.
2. For each change, provide a detailed explanation to ensure clarity and avoid any confusion.
3. Be specific and precise in your language, using legal terms if necessary.
4. If applicable, include any additional terms, conditions, or requirements that are relevant to the amendment.

Seek legal advice if necessary:

1. If you are unsure about the language, legality, or implications of the addendum, it is always a good idea to consult with a lawyer or legal professional.
2. They can provide guidance regarding the enforceability and implications of the changes being made.

Who needs an individual lease contract addendum:

Landlords or property managers:

1. When making changes to an existing lease agreement that require formal documentation.
2. For adding or removing tenants, changing rent amounts, or modifying any other terms and conditions of the lease.

Tenants:

1. When requesting changes or additions to the existing lease agreement.
2. For example, requesting permission to bring in a pet, modifying parking arrangements, or extending the lease term.

Both parties:

In cases where mutual changes or modifications are being made to the lease agreement and both the landlord and tenant(s) agree to the new terms.

Remember, the addendum serves as a legally binding document and should be signed by all parties involved to ensure its validity.

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