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When to Make Amendments to a Rental Property Lease

Signing a lease agreement.Unforeseen events in life can alter your living circumstances. Tenants are subject to the same life changes that affect us all. In cases of divorce, death, or adding a roommate or family member, make sure the lease for your rental property in Pittsburgh is updated to accurately show who lives there.

Ensuring an accurate and updated list of all tenants and occupants in every rental property benefits both the landlord and the tenants. This accuracy ensures that it’s clear who lives on the property and who is responsible for paying rent and fulfilling other obligations.

Why is it Important to Amend a Lease?

For single-family rental property owners, effective lease management is key. Your lease agreement legally defines the commitments and terms agreed upon by the tenants and the landlord. Thus, ensuring your lease clearly outlines and explains every element of the rental agreement is critical.

Recording the names of all tenants and other residents in the lease is a vital inclusion. This is essential as landlords are accountable for the safety and security of the property and its occupants. Should any damage to your property be caused by an unauthorized resident, only those who have signed the lease can be held accountable. Additionally, if adults residing in the property aren’t included in the lease and the official tenants fall behind on rent, you cannot charge the unlisted adults.

A meticulous lease agreement eliminates potential tenant disputes and solidifies your understanding of your rights and responsibilities as a landlord.

Reasons for a Lease Amendment.

Tenants on a lease often need updates based on different life changes. When a tenant passes away or has a divorce, the other tenant might prefer to continue living in the rental unit. Consequently, updates to the lease are necessary to designate the current responsible tenant.

Marriages or new additions to the household also call for lease revisions. Make sure to record all adults living in the rental property, from family members to authorized roommates. To keep things running smoothly, landlords must approve new residents before they move in and be notified when they move out. Anytime an adult moves in or leaves the rental, the lease needs appropriate updates. For long-term agreements, landlords may draft an addendum to include new tenants residing in the property.

As tenant changes and related laws can affect lease agreements, each scenario must be considered on its own merits. Real Property Management Keystone is equipped to handle the management of your rental properties and tenants in Pittsburgh and the surrounding area, including any changes to leases. Call us at 412-385-2300 or contact us online for more information.

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