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Common Residential Lease Questions
- What is a Residential lease?
What is a Residential lease?
A Residential lease is a legal contract between at least two parties that outlines all the terms of the agreed lease of a residential property. A residential lease incorporates the applicable state law in establishing the basic terms of the agreement such as monthly rental amount, security deposit, and payment terms.
× - Does the Residential lease have to be signed by both parties?
Does the Residential lease have to be signed by both parties?
Yes, the residential lease has to be signed by both parties to create an enforceable and legally binding contract between the parties. Also, it is important that the contract bears the date that the lease begins so that there is not a misunderstanding between the parties.
× - What happens if a tenant refuses to leave the property at the time the lease expires?
What happens if a tenant refuses to leave the property at the time the lease expires?
The landlord should consult the applicable eviction laws in his/her state so that he/she properly follows the eviction procedure.
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Basics of Residential Lease
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