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A lease amendment agreement is a short document that allows you to amend an original lease. In other words, a lease amendment agreement is used when something needs to be changed in the original lease or an addition needs to be made.
Due to the current COVID-19 pandemic, many tenants are having difficulty paying their rent. As a result, some landlords are proposing lease amendments to maintain their tenancy.
There is not a lot of information to include in a lease amendment agreement, other than the basics: names and identifying information of the parties, start date of the amendment, name of the landlord, etc. The reason these documents are not more explicit is because the original lease is incorporated by reference. This means that all the terms of the original lease are deemed to be included in the lease amendment agreement, with the exception of the explicit clause that has been amended.
How do I use this document?
This Lease Amendment Agreement defines all the facts and obligations required for a valid lease amendment. This essentially means that the landlord and tenant explicitly agree to modify one or several clauses of the lease between them.
This Lease Amendment Agreement can be used for any type of lease: residential or commercial.
In this document, basic information is listed, such as the identifying information of the parties and the lease. The most important part of this document is the description of the amendment itself, which will be entered by the party completing this document.
Once this document has been completed online, it must be printed and signed. Then, the original lease must be attached before it is sent to the other party. The party sending it must keep a signed copy of the amendment along with the original lease. The amendment is not complete until both parties have signed it.
Similar to General Lease Agreements, rent increases are subject to the laws of each province or territory relating to residential tenancies.
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