Brown Ross

ADDRESS : USA, Los Angeles, CA 90012
PHONE NUMBER : --------------

Map

What Are the Differences Between Rental Lease Agreement and Rental Agreement?


In most states, a free rental agreement or lease agreement between a landlord and his tenant is necessary. There are differences between the two types of agreements.

A written Rental Agreement or Lease Agreement is necessary as these documents are valid in courts in case of disputes arising later for some reason associated to the lease. Many people feel that a free rental agreement and free lease agreement are one and the same. But there are several differences that one should know about.

Renewal aspect

A rental agreement is renewed automatically, generally on a basis of month-to-month. The terms can be changed by the landlord with "proper written notice." A lease agreement, on the other hand, is valid for just a specific term - generally for 6 months or more. It does not renew itself automatically, but it lets tenants reside on the premises for as long as he pays the rent and abides by the lease terms.

Landlord's enumeration

It is the landlord who enumerates and presents a rental lease agreement, and it rests on the tenant to pick whether he will agree to the lease terms and conditions. This type of contract is usually written to include various points, including:

• Type of residence

• Address / location of residence

• Description of the concerned property

A rental agreement is more thorough, and it covers all types of other items as well - such as the specific parties who participate in the contract, the particulars related to them and the points that they approve etc. The terms vary, whether the rent sum, the security deposit sum, the lease term duration, who takes the lease up, who will be responsible for property maintenance etc. For more information about getting a rental lease agreement in Florida, please visit this website.

Making changes

When it comes to Rental Agreements, either of the parties - such as either the landlord or the tenant - can change the agreement terms at the end of every month. There is the option for the landlord to increase the rent sum or make a request that the tenant vacates the property without breaching the terms of the rental agreement. On his part, a landlord needs to give a proper notice of at least 30 days to the tenant to vacate the property. At the end of this duration, he can ask the tenant to vacate the premises.

Author Resource:-

Carl writes often about legal drafting, rental lease agreement, marital separation agreement and help the people in such needs. You can find his thoughts at legal documents tips blog. Please visit this site to get a sample commercial lease agreement.

Powered by EggZack.com