Example of an Addendum to a Lease Agreement

When it comes to rental agreements, an addendum can be a useful tool to modify or clarify the terms of the lease agreement. An addendum is a document that is added to the original lease agreement and becomes a part of it. The purpose of an addendum is to provide additional details or change an existing clause in the lease agreement.

Here is an example of an addendum to a lease agreement:

Addendum to Lease Agreement

This addendum is made by and between the landlord, [Landlord`s Name], and the tenant, [Tenant`s Name], for the property located at [Property Address], on [Date].

1. Pet Policy

The tenant is allowed to keep a small dog in the rental property with a maximum weight of 25 pounds. The tenant will pay a non-refundable pet deposit of $200. The landlord reserves the right to revoke this allowance if the pet causes any damage to the property or disturbs the peace of other tenants.

2. Renewal Option

The tenant is granted an option to renew the lease for an additional term of one year under the same terms and conditions as the original lease agreement. The tenant must provide written notice of intent to renew at least 60 days before the expiration of the lease term.

3. Additional Tenant

The tenant is allowed to add one additional tenant to the rental property with written consent from the landlord. The new tenant will be required to sign the original lease agreement and provide a security deposit of $500.

4. Maintenance Responsibilities

The tenant is responsible for keeping the rental property clean and free from any damage caused by their negligence. The tenant is responsible for paying for any repairs necessary due to their fault.

5. Late Fee

The tenant will be charged a late fee of $50 if the rent payment is not received by the due date indicated in the lease agreement.

6. No Smoking Policy

The rental property is a non-smoking unit, and the tenant is not allowed to smoke inside the rental unit or any common areas of the building.

7. Governing Law

This addendum and the lease agreement are governed by the laws of the state where the rental property is located.

In conclusion, an addendum to a lease agreement is a useful tool for both landlords and tenants to modify or clarify the terms of the lease agreement. When creating an addendum, it is crucial to ensure that it is clear, concise, and in compliance with the governing laws of the state.

This entry was posted on 7th January 2022. Bookmark the permalink.