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1. Parties: Identification of all parties: Landlord, Original Tenant (outgoing), and New Tenant (incoming)
2. Background: Details of the original lease agreement including date, property description, and reason for tenant change
3. Definitions: Key terms used in the addendum including 'Original Lease', 'Effective Date', 'Property', 'Security Deposit'
4. Assignment and Assumption: Formal transfer of rights and obligations from original tenant to new tenant
5. Effective Date: Specific date when the change of tenant becomes effective
6. Security Deposit Arrangements: Handling of existing security deposit and arrangements for new deposit
7. Continuing Obligations: Confirmation that all other terms of the original lease remain unchanged
8. Liability Provisions: Details of ongoing liability of original tenant and assumption of liability by new tenant
9. Execution: Signature blocks for all parties and witnessing requirements
1. Guarantor Provisions: Required when there is a guarantor for either the original or new tenant
2. Property Condition: Include when there needs to be a formal record of the property condition at the time of transfer
3. Rent Payment Arrangements: Include when there are specific arrangements for pro-rating rent between tenants
4. Outstanding Charges: Include when there are unpaid utilities or other charges to be settled
5. Maintenance Issues: Include when there are ongoing maintenance issues that need to be documented
6. Special Conditions: Any specific conditions agreed between the parties that differ from the original lease
1. Schedule 1 - Original Lease Agreement: Copy or key details of the original lease agreement being modified
2. Schedule 2 - Property Inventory: Updated inventory list and condition report at the time of tenant change
3. Schedule 3 - Outstanding Payments: List of any outstanding payments or adjustments between parties
4. Appendix A - Handover Form: Document recording meter readings, key handover, and other practical transition matters
5. Appendix B - Consent Letters: Any required consent letters from relevant parties (e.g., housing society, guarantors)
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