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What is a lease provision?
The lease is a legally binding contract between tenant and landlord, which includes specific responsibilities of the parties involved (which may or may not include subtenants). ... While leases vary from one landlord to another, certain provisions are standard in nearly all lease agreements.
What is a clause in a lease agreement?
A lease agreement is a legally binding contract between you and your tenant. ... Some landlords begin with a simple lease, but over time and through personal experience, they add additional clauses to protect themselves from issues they have encountered in the past.
What is a rent clause?
Tenants usually pay for other services, such as Internet, gas, and electricity. Condition of the rental unit. Most leases and rental agreements include a clause in which the tenant agrees that the premises are in habitable (livable) condition and promises to alert the landlord to any defective or dangerous condition.
What is an enforcement clause in a lease?
Also known as a “Mutual Enforceability Covenant” A Mutual Enforceability Clause is a clause or covenant contained in the majority of residential leases. It enables the Leaseholder to demand that the Freeholder (Landlord) enforces other Lessees covenants or obligations contained within their leases.
What are provisions in a lease?
The lease is a legally binding contract between tenant and landlord, which includes specific responsibilities of the parties involved (which may or may not include subtenants). ... This article provides a snapshot of standard lease provisions, in addition to some lease provisions that are unenforceable.
What makes a lease void?
Some lease contracts are void. A voided contract is called void “on its face,” meaning that it cannot be enforced by anyone. A court treats a voided lease as if it doesn't exist. Even if one party does everything she needs to do under the lease, she cannot compel the other party to perform its obligations.
What can void a lease agreement?
In general, most states allow a landlord to terminate a lease or rental agreement if the tenant: Fails to pay rent; Violates a clause in the lease or rental agreement; Violates a responsibility imposed by law.
What makes a lease valid?
Among the states that require written leases, valid ones must include a description of the property. The property's physical address is considered a valid description. Leases must include starting and ending dates. Additionally, a lease must include the amount of rent that is due.
Can a landlord void a lease?
Generally, a landlord may terminate a lease without reason at the expiration of the lease term. That means your landlord is under no obligation to renew your lease or allow you to stay in the property for additional time unless you are able to invoke an anti-retaliation law.
What is a standard housing lease?
A Standard Residential Lease is the most basic and popular type of document used when renting property to an individual, known as a tenant. It is highly customizable which is very important for landlords and property owners who wish to alter the agreement according to their needs and property type.
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