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Amendment of Lease Package New Mexico Form

Amendment of Lease Package New Mexico Form

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a rent increase or decrease lease amendment is a document added to a rental agreement sometime after a tenant began occupying the property that legally changes the amount of rent a tenant pays in this video we'll overview a few important things to know about increase or decrease amendments as well as where to get an official template first it's easy to get confused between two similar sounding words so let's clear up the difference between an addendum and an amendment an addendum is a document attached to an original lease it's typically created when a tenant first signs the lease to rent a residence an amendment is a change made to the lease at a later date sometime after they've started living in the residence when to use an increase or decrease amendment since a rent increase or decrease changes the amount of rent that is paid it must be agreed upon by both parties if a lease is active or should be used upon the expiration and renewal of a lea

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