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Residential Lease Agreement
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Top Terms Used in a Rental Lease Agreement {{ currentPage ? currentPage.title : "" }}

A rental lease agreement is a legal document that outlines the terms and conditions of a rental agreement between two parties. In order to have a valid lease agreement, both parties should sign the document. A lease agreement may include a description of the property, the length of time the tenant will rent the property, the amount of rent paid per month, the security deposit, the date the lease begins, and any additional stipulations. Know about some of the important terms in a rental agreement template that you should understand.

1. Tenancy

Tenants are people who live in rented housing. Tenancies are either temporary or permanent. Temporary tenancies last only until a certain event occurs, such as a job change. Permanent tenancies are those that last longer than a specific period of time.

2. Rentals

Rentals are payments made to landlords for use of their property. Rental lease agreement in California usually covers the duration of the tenancy, the amount of rent, and the type of payment accepted. If the landlord accepts cash, then the tenant will need to provide the landlord with a receipt showing the amount of money received. If the landlord accepts checks, then the tenant will receive a copy of the check along with a receipt showing the total amount of rent due.

3. Landlord

Landlords are owners of real estate. Landlords own the property they rent out to tenants. Landlords are responsible for maintaining the property and collecting rent from tenants.

4. Tenant

Tenants are people renting property from landlords. Tenants are generally responsible for paying rent to the landlord.

5. Eviction

Evictions are actions taken by landlords to remove tenants from their property. Evictions can happen if the landlord believes the tenant is not following the rules set forth in the lease agreement.

If you would want to rent out your property, and have it managed professionally, you can consider hiring any of the Property Management Companies out there. Property management companies manage properties owned by landlords. These companies collect rents from tenants and pay them directly to the landlord, proving to be useful in many ways.

Author Bio

Carl writes often about legal drafting, rental lease agreement, marital separation agreement and help the people in such needs.

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