What Is A Lease?

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What Is A Lease?

A lease or rental agreement is a legal contract between a landlord and tenant. The agreement gives the tenant the right to use and occupy the rental property for a specified period of time. In return, the rental agreement requires the tenant to pay the landlord rent each month. The lease also sets out the rights and obligations of the landlord-tenant relationship.

Other Leases FAQs

Q: I Have Been Renting A Room For The Last Six Months But I Never Signed A Lease – Do I Still Have A Legal Right To Occupy The Room Even Though I Never Signed A Lease?
A: Yes. Although a written lease is beneficial to protect the rights of both parties, oral agreements are valid where the lease period is for no more than one year. … More
Q: If Oral Leases Are Valid For A Lease Under A Year – Then Why Do I Need A Written Lease?
A: A written lease makes terms clear to both parties whereas future disputes in an oral lease may be difficult to resolve due to uncertainty to the terms of the … More
Q: If I Do Make An Oral Lease – What Terms Should I Discuss With My Future Landlord?
A: An oral lease requires both parties to agree to specific terms. In most states, oral agreements require the parties to agree on: Duration of tenancy (no more … More
Q: What Terms Should Be Included In A Written Lease?
A: A written agreement should include all terms that are required under a lease and other specified terms that may be otherwise material or ambiguous unless put in … More
Q: Can I Choose To Rent Only To Hispanic Tenants?
A: In general, a landlord may choose their tenants freely based on business criteria such as the prospective tenant’s credit history, income, and references. In … More
Q: Are Subleases Usually Allowed?
A: Unless the lease prohibits a sublease, a tenant may assign the lease to a third party. Many leases either prohibit subleases or require adequate notice to the landlord.
Q: I Found A Place That I Like Better Than My Current Place. Can I Get Out Of My Current Lease?
A: It depends. If you are on a month-to-month lease, in most states you are required to give the landlord 30 days notice to end your lease (usually that notice … More
Q: Are There Any Differences In A Commercial Lease As Compared To A Residential Lease?
A: There are many similarities between residential and commercial leases, however there are differences as well. Residential tenancies tend to be more … More
Q: If I Have To Sue My Landlord Or If My Landlord Sues Me – Who Is Responsible For The Legal Fees?
A: Usually, the lease will have a provision that states that the “prevailing” party in any lawsuit will be able to collect reasonable attorney fees. … More