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[quote=Anonymous][b]"Not the OP but have a quick question... Does a new lease with a new lease period get signed or is it like an addendum to the current lease? "[/b] You can do either - the exact legal form isn't so crucial unless you're in a jurisdiction that mandates specific lease forms (I don't believe Fairfax does but I'm not 100%). The new lease or the addendum should refer to the old lease to clarify that it has been replaced/amended. If you're halfway thru a fixed lease term, say 7 months into a 12 month lease, the term of the new lease is up for negotiation, within the bounds of the law. For example you could choose 5 months to "finish the term". Or either LL or tenants may want to sign a new 12 month lease. Whatever you can all agree on. That's the "by the book" answer. Some more casual LLs would simply have the new person sign the existing lease (LL copy and tenant copy) and cross out and initial the person being dropped, but that's too casual for my tastes. Thanks for the encouragement guys! I'll try to get around to it soon and I'll post a link here somewhere on DCUM! [/quote]
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