The lease agreement has many different identities however they all mean the same thing. You can refer to a lease agreement as a rental agreement, a residential lease agreement, a rental contract and even a rental lease. All turn out lawfully binding. Regardless of whatever you actually call it, neither landlord, nor tenant should do without one when letting a home. It is an essential file for all persons to make sure the term of the rental are obvious and approved by each party. A lease agreement is written down and provided by the landlord. It is up to the tenant to make a decision if they will accept the stipulations of the rental agreement.

This agreement is always written and ought to contain a variety of details such as the description of the property in question, the residence address plus the type of home. The rental agreement will cover a number of other things such as the parties concerned in the agreements and specifics with regards to them and what they approved. The stipulations cover anything from length of the lease term, sum of the security deposit, amount of rent, who might be taking up the lease and whose responsibility it is for routine maintenance and servicing of the home.

The total price of the rental agreement will also be discussed and this is among the most most essential items that you will find in any lease agreement. It will also explain the consistency of payment is demanded by the contract and to whom the payment is to be made. Of course, this is all pre-arranged, so there should be no unexpected surprises in the leasing contract.

On the other hand, it is critical to read the contracts right to make sure that everything is covered and that you absolutely informed about everything. Recall that the residential lease agreement is a legally binding contract which both parties must agree to.

A number of provisions will also be included in the contract which you need to take note of. A number of common provisions that you will find is whether you can sublet the place or whether you can make any modifications to it. In most cases, you will not be able to do either of these and this will be specified in the document. The document is there to protect both the owner and renter and should never be overlooked.

I greatly suggest you use a lease agreement to defend yourself from a shady landlord.

The lease agreement has many different identities however they all mean the same thing. You can refer to a lease agreement as a rental agreement, a residential lease agreement, a rental contract and even a rental lease. All turn out lawfully binding. Regardless of whatever you actually call it, neither landlord, nor tenant should do without one when letting a home. It is an essential file for all persons to make sure the term of the rental are obvious and approved by each party. A lease agreement is written down and provided by the landlord. It is up to the tenant to make a decision if they will accept the stipulations of the rental agreement.

Author Bio: Stirling Gardner consults for ezLandlordForms – your best online resource for a state specific free lease agreement, or a free rental agreement.

Category: Real Estate
Keywords: lease agreement, rental agreement, rental application, rental lease, free rental application