Amendment to Lease Agreement

What is a lease amendment agreement?

A lease amendment agreement is a legally binding contract that modifies specific terms of the existing lease agreement without replacing the entire contract. This type of contract allows parties to the original lease to change certain provisions only, while keeping the rest of the contract intact.

A lease amendment agreement could be used for various types of leases, including residential, commercial, short-term, or long-term rental agreements. The parties have the right to amend the existing contract an unlimited number of times.

Before entering a lease amendment agreement, the parties should be aware of certain considerations. Firstly, all the changes should be made in a written form in order to keep a good record of them. A written contract always remains the main legal evidence in a court once there is a dispute between the parties. Secondly, a lease agreement cannot be changed in a unilateral order. It means that both parties have to agree to the changes.

The parties to the amendment for lease agreement are:

• a property owner or lessor. It is also possible that a property management company can act on behalf of an owner.
• a tenant (i.e., a person who rents the property).

How to draft an amendment to lease agreement template?

When preparing an amendment to lease agreement template, the document should clearly set out the updated terms and include the following key components:

Details of the Parties

An amendment to lease agreement sample should provide exact details of the parties who sign it. Those parties should be the same as mentioned in the text of the original lease contract.

On top of that, we recommend including the following information:

• address of a leased property; and
• reference to the original lease contract (i.e., name and date).

Details of the Amendments

A lease agreement amendment sample should include a list of changes the parties wish to make.

Besides that, the parties should also indicate the exact moment in time from which those changes become effective. The first option is that the changes become effective upon signing an amendment to lease agreement. The second option is to pick up any other day in the future.

It is also vital to state directly in an amendment for lease agreement that all the other provisions remain unchanged.

Date and Signatures

After the parties sign the amendment to lease agreement template, it becomes effective. Failure to put signatures results in changes not being made.

The parties may wish to notarize their signatures in the notary’s presence. While doing so adds an extra level of additional legal security, neither federal nor state laws oblige parties to do so.

The parties should also date the amendment for lease agreement. This should be the date when the parties put their signatures, either by hand or using online e-signature tools.

How to customize a lease agreement amendment form at Faster Draft?

To make a personalized document, follow a few easy steps below:

1. Click the button “Create Document.”
2. Answer simple questions in the questionnaire.
3. Select a document’s format—Amendment to Lease Agreement PDF or Word.
4. Make a payment.
5. Download a customized document in seconds.