Tenant Addition Addendum
TENANT ADDITION ADDENDUM
I. Identification of the Lease
This Tenant Addition Addendum is made part of and modifies the existing lease agreement dated August 1, 2055, between [Your Name] "(Landlord)" and Emily Johnson "(Tenant)" for the property located at 123 Maple Street, Springfield, IL 62704.
II. Details of the New Tenant
The following new tenant(s) are being added to the lease:
|
Name |
Date of Birth |
Social Security Number |
Contact Information |
|---|---|---|---|
|
Jane Smith |
March 14, 1995 |
123-45-6789 |
555-123-4567 |
|
John Doe |
July 22, 1992 |
987-65-4321 |
555-987-6543 |
III. Lease Term Updates
The terms of the lease agreement remain unchanged except for the following amendments due to the addition of the new tenant(s):
-
Rent Payment: The monthly rent will now be $2,500 to be shared among the tenants. The new rent amount will be effective starting September 1, 2055.
-
Security Deposit: An additional security deposit of $750 will be required for the new tenant(s), bringing the total security deposit to $2,250.
-
Occupancy Limits: The total number of occupants is now 4.
IV. Responsibilities and Obligations
The new tenant(s) will assume the following responsibilities and obligations:
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Payment of Rent: New tenant(s) are responsible for paying their share of the rent, which will be $625 per person per month.
-
Utilities: New tenant(s) will contribute to utility payments, which include electricity, water, and internet, as specified in the original lease agreement. The total utility cost is estimated to be around $150 per month.
-
Property Maintenance: All tenants are jointly responsible for maintaining the property in good condition and adhering to property rules, including lawn care and keeping common areas clean.
V. Additional Provisions
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Insurance Requirement: All tenants, including new additions, must maintain renters' insurance with a minimum coverage of $50,000 for personal property and liability.
-
Subletting: Subletting of the property is not permitted without prior written consent from the landlord. Unauthorized subletting will result in a $500 fine.
-
Modification of Terms: Any further modifications to the lease agreement must be documented in writing and signed by all parties involved. Modifications made without proper documentation will be considered null and void.
VI. Signatures
By signing below, all parties agree to the terms of this Tenant Addition Addendum and acknowledge that it becomes part of the original lease agreement.
Emily Johnson
Tenant
[DATE SIGNED]
[Your Name]
Landlord
[DATE SIGNED]
