A Lease Amendment To Remove One Tenant is utilized when one party needs to be removed from a multi-tenant lease agreement while keeping the lease active for remaining tenants. This document, governed by U.S. law, becomes necessary when roommates change, relationships end, or other circumstances require tenant modification. It includes provisions for security deposit handling, rent obligation adjustments, and liability releases while ensuring compliance with applicable housing regulations. The amendment protects all parties' interests by clearly documenting the changes to the original lease agreement.
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1. Parties: Identification of landlord, remaining tenant(s), and departing tenant
2. Background: Reference to original lease and reason for amendment
3. Definitions: Key terms used in the amendment
4. Effective Date: When the removal of tenant takes effect
5. Release of Departing Tenant: Terms of release from lease obligations
6. Remaining Tenant Obligations: Confirmation of continuing responsibilities
7. Signatures: Execution by all parties
1. Security Deposit Adjustment: Details regarding changes to security deposit arrangements and reallocation
2. Rent Modification: Provisions for changes to rent payment structure and obligations
3. Property Inspection: Provisions for assessing and documenting property condition changes
1. Original Lease Agreement: Copy of the original lease being amended
2. Security Deposit Statement: Documentation of security deposit handling and reallocation
3. Property Inspection Report: Current condition assessment of the property if performed
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