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Residential Lease Agreement
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What Does A Rental Lease Agreement Include? {{ currentPage ? currentPage.title : "" }}

A rental lease agreement is a written contract between two parties where one party (the lessor) rents out property to another party (the lessee). A rental lease agreement is a legal document that defines the rights and obligations of both parties. In addition to defining the rights and responsibilities of each party, a rental lease agreement may define who pays what costs associated with the use of the property.

A rental lease agreement is similar to a purchase agreement, except that the tenant does not own the property at the end of the term. Know about the various terms related to rental lease agreement template.

1. Property

The property is the place being rented. The property includes any improvements located on the land, such as buildings, fences, sheds, etc.

2. Rent

The rent paid under a rental lease agreement is called rent. Rent is money paid to the owner of real estate for permission to occupy the premises. Rent is generally calculated based on the number of days the tenant occupies the space. If the tenant pays rent monthly, then the amount of rent owed is equal to the total rent due, multiplied by the number of months remaining in the lease agreement term.

3. Term

The term of a rental lease agreement refers to the length of time for which the tenant agrees to pay rent. Generally, the term of a California lease agreement is expressed in years, although some agreements specify a shorter period of time.

4. Renter

The person who enters into a rental lease agreement is known as the renter. The renter is the person occupying the property and paying rent to the landlord.

5. Landlord

The person who owns the property is referred to as the landlord. The landlord is the person who receives rent payments from the tenant. The lease agreement is signed between the landlord and the tenant.

6. Tenant

The person who occupies the property is known as the tenant. The tenant is the person who pays rent to the landlord. The tenant is responsible for making sure the property is kept clean and safe.

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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