Residential Lease Extension Agreement Form – A lease agreement is a lawful agreement that allows the tenant to employ the residence for a while. The agreement specifies the phrases and disorders underneath which the parcel may be utilized and what happens should the tenant does not stick to these phrases. It is also called the rental agreement or rental deal.
The landlord and tenant have unique responsibilities in this type of agreement. The landlord agrees to deliver the property to the tenant and make sure it truly is in very good situation though offering all required utilities – water, electricity, heating, etc. The tenant agrees to pay lease promptly and take care of the property like it really is their property.
In some states, landlords ought to offer a lease agreement form in advance of they might rent out their houses.
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