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residential lease agreement addendum

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LEASE ADDENDUM This addendum is made this day of 20 and is added to and amends that certain agreement by and between as Tenant s and as Landlord s which agreement is dated day of 20.
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Section 4 of the Tenancy Agreement is hereby amended by rephrasing clauses one and two as follows: 1. Sec. 4. In order to ensure that the Landlord's right to terminate Tenancy shall not extinguish or be subject to modification or revocation by any event, this Agreement shall be terminated by the Landlord giving written notice to Tenant(s), within three (3) days as of the earliest of such termination and termination of Tenancy or the end of the term of any existing or new tenancy agreement entered into pursuant to this Article and shall expire at the end of Tenancy, unless the Tenant or Rent Stabilized Tenant fails to pay Rent when due, then this Agreement shall continue for the remainder of such term, or such rental period, whichever is longer. 2. Sec. 4. In order to ensure that the Landlord's right to terminate Tenancy shall not extinguish or be subject to modification or revocation by any event, the Landlord shall, unless all Tenants to whom this Agreement is applicable, have left the Premises, within the three (3) days immediately preceding the termination of this Agreement: (A) pay the Rent and, for the first rental period after such termination, any Rent remaining unpaid at the time of such termination which has not been paid by Tenant(s) to whom this Agreement was executed under this Section; provided, however, that in such event Tenant(s) shall continue to be liable for any deficiency under this Article to the extent that such Rent has not been paid by Tenant(s) to whom the entire Agreement was executed under this Section to the extent of the Rent the Landlord may have collected from tenants; and (B) pay the Landlord's reasonable legal fees and expenses, in addition to any rent or any other damages which may have become due and owing to the Landlord by reason of any termination of this Agreement. 3. Sec. 6. This Article shall be so amended as to be consistent with the intent stated in its current language. If any provision of this Article is held invalid, the remaining provisions shall remain valid and enforceable without such modification.

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Everybody French in here with REI Club commonly silently as a real estate investor today's quick video where we talk about how to fill out a lease agreement like in all my videos include everything that I talked about in the description below so all you got to do is click the show more button, and you can follow right along now I get asked all the time you know Frank can I actually see real life examples of the things you're talking about so what I have in front of me right now is a lease agreement now they do vary by state but for example purposes I have the one for Texas now I know that could seem pretty daunting and this is actually 14 pages and there's a lot to cover so what I'm going to be doing is pretty much emphasizing some focus points that you should be going over with your tenants okay so the very first thing we talked about is page 1 is a party's in property, so your name tenants are all involved and the property address they'd be renting from okay next thing is closet or 3 it's a term when the contract is active and when it expires you just want to emphasize when it expires, so your tenant is very as award when they need to notify you if they need to renew the contract or when they're ready to move out ok of course that they don't notify you then the contract is automatically renewed on a month by month basis page 2 guys we talked about after you rent this is where he actually includes how much you're going to be paying per month and let them know that they should be paying on the first of every month just to make things easier for you prorated rate is for them to know that if they move in the middle of the week you're a pro right the rent for them very simple see place of payment I usually include my P o box address here never your personal address ok if you don't have a P o box right now they're pretty cheap I pay about seventy-two dollars for six months about four hundred forty-four dollars for the whole year okay now this another thing I emphasize the method of payment let's know I will take cashier's checks money orders or Auto dragging I will not ever accept personal checks due to bouncing or return checks I hate that okay say let's say on page choose the late charges I let them know like you know once again it's paid on the 1st of every month before 5:00 p.m. if not you're going to charge a ×25 initial fee a late fee and then $10 every day after that until your rent is due until it's due okay this is pretty good you can use those numbers exactly they work for you well page let's see for page four we're talking about pets now pet summary it is we tell you that you can't have past pretty much says you can't now if you're ten and if you're okay with this you're going to add a pet addendum with the specifics of what is and is not allowed of that pet I need to chart a 300 to $500 non-refundable deposits just pretty much covered my carpet cleaning costs and things like that okay people with pets are very used to this next thing you...


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