What is a Lease?

A lease is a legal agreement between a landlord and a tenant that outlines the terms and conditions of a rental agreement. It typically includes the following information:

• Parties involved: The names of the landlord and tenant.

• Property description: The address and description of the property being rented.

• Rental term: The length of the lease, such as one year, month-to-month, or a longer term.

• Rent amount: The amount of rent to be paid each month or other time period.

• Security deposit: The amount of security deposit required from the tenant.

• Utilities: Which utilities are included in the rent and which the tenant is responsible for.

• Maintenance responsibilities: Who is responsible for maintaining the property.

• Pet policy: Whether pets are allowed and any restrictions or fees.

• Subletting policy: Whether the tenant can sublet the property.

• Termination clause: The conditions under which either party can terminate the lease.

Leases are important legal documents that protect the rights of both the landlord and the tenant. It is essential to read the lease carefully and understand all of its terms before signing.

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