Already have a rental contract and in need of an addendum? Sometimes after signing the original rental contract, you want to add some extra rules because for example changes in the usage of facilities.
A rental agreement is an agreement or contract between two parties over a property for rental purposes. This agreement will be of temporary possession and may be terminated after the specifically agreed interval of time. An addendum is added to the contract, and can for example provide details of a product, property, or service.
The rental agreement is not only confined to properties. It can be broadened to the terms of renting a product for some piece of time too. There are multiple terms specified for a rental agreement, like if some property is to be rented then the owner of a property is named as a lessor while the person who is taking the property on rent is referred to as a lessee. A rental agreement must not be confused with a lease. Keep reading this article to differentiate between a rental agreement and a lease contract.
This Addendum to Rent Agreement template covers the most important subjects and will help you to structure and communicate in a professional way. Instead of canceling the existing rental contract, it is also possible to add an addendum to the current rental contract. This rental contract addendum template is a useful example when you need to draft your own personalized contract.
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