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What is a typical lease agreement?
A standard residential lease agreement is the most widely used landlord-tenant contract for renting residential property. It is a fixed arrangement usually lasting for a period of one (1) year and both parties shall be bound until the end of its term.
What is the most common type of residential lease?
The most common form of real property lease is a residential rental agreement between landlord and tenant. As the relationship between the tenant and the landlord is called a tenancy, this term generally is also used for informal and shorter leases.
What should be included in a residential lease agreement?
Names of all tenants.
Limits on occupancy.
Term of the tenancy.
Rent.
Deposits and fees.
Repairs and maintenance.
Entry to rental property.
Restrictions on tenant illegal activity.
Can I make my own lease agreement?
A lease can be written or verbal, but a verbal lease can be very difficult to enforce. If you decide to write your own lease make sure you include a clause that states if any condition is not legal, that the rest of the lease is still in effect.