A Simple Lease Agreement – A lease agreement is a legal contract which allows the tenant to use the home for a long time. The agreement specifies the phrases and disorders underneath which the parcel might be applied and what comes about in the event the tenant will not abide by these phrases. It is also referred to as the rental agreement or rental contract.
The landlord and tenant have various duties in this variety of agreement. The landlord agrees to provide the house to the tenant and assure it can be in very good condition though providing all required utilities – drinking water, electrical energy, heating, and many others. The tenant agrees to pay for lease promptly and look after the residence like it truly is their property.
In a few states, landlords should deliver a lease agreement form before they will rent out their homes.
A Simple Lease Agreement
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