Lease Agreement Replace Comments

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A lease is automatically void when it is against the law, such as a lease for an illegal purpose. In other circumstances, like fraud or duress, a lease can be declared void at the request of one party but not the other.
If a tenant continues to pay rent after a lease ends, in most states the terms of the expired lease carry over into a month-to-month tenancy. ... In a few states, if a tenant continues to pay rent after a lease expires and the landlord accepts the rent, the lease is automatically renewed.
It's best if you are able to avoid a holdover tenancy altogether; this way, you won't have to alter any of your rental business proceedings. You should remind your tenant that their lease is ending at least 60 days before the last day of the term.
If your lease expires and you stop paying your landlord rent, or use your final month's rent deposit to pay your last lease term, you've effectively severed your lease as planned. Because of this, both the landlord and the tenant may expect the property to be vacated by the date specified in the lease agreement.
After a standard one year lease, most landlords will either let the lease expire, in which case it will default to a month to month rental agreement or have their tenant sign another lease. ... If you have great tenants, tell them you'll keep the same rent but you want them to sign another one or two year lease.
Under the rent stabilization rules, your landlord must mail you a lease renewal 90 to 150 days prior to the expiration of your current lease. If you do not return the lease within 60 days, the landlord may refuse to renew your lease and could move to evict you after the lease expires.
It is a legally binding contract between the tenant and the landlord that details the rights and responsibilities of each party. ... A lease or rental agreement typically includes the cost of the rental, the amount of deposit required, when rent is due, whether pets are allowed, and other rules.
Most, but not all states, require leases to be in writing to be considered valid. Among the states that require written leases, valid ones must include a description of the property. ... Additionally, a lease must include the amount of rent that is due, when it is due and how it should be paid.
The lease becomes legally binding when all parties have signed: the landlord and all tenants living in the unit who are 18 and older.
A lease is a contract between you and your tenant, and establishes the terms and conditions necessary to make the agreement enforceable. Leases of real property for more than one year fall under certain rules of law adopted by all states known as the Statute of Frauds. Lease rules may vary by state.
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