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Answer
A lease is a rental contract that gives you specific rights during the period of the lease, rather than the default "month-to-month" rental, which could even be oral.
The lease for a specific period is essentially an agreement to pay the rent for that entire period, often in monthly installments, and may state valid reasons (if any) for "breaking the lease" with proper advance notice, and other requirements, to avoid penalties.
There are several advantages of a lease. The rent won't go up, there is a document that can be used for stating the responsibilities of everyone involved, the landlord doesn't have to worry about showing or renting the space for a longer period, and so on. You can agree about almost anything in a lease: who does the different types of maintenance, who pays for improvements or damages, how the house can be used and how it should not be used (e.g., for sublet, frat house, meth lab, etc).
One of the most important things in a lease these days is that the tenant (lessor) has rights to possession (occupancy) of the property regardless of who happens to own the property. So, if the bank forecloses the property, the lease remains in effect and the tenants are given instructions to pay the rental fee to a different owner.
Answer.
This means that you need to stay in the house and rent it for one year and you are not allowed to move out unless the lease is up.
What else can I help you with?
Is it legall for homeowners to sell the house after 3 months even if you have a 1 year lease?
YES! It happened to me. Generally unless stated on your lease, the new owners must respect your lease until the term is up then you can sign a new one with them.
What are the release dates for One Year Lease - 2014?
One Year Lease - 2014 was released on: USA: 1 April 2014
If you lease a house can you lease it out to another?
You can sublet only if lease allows.
What if your landlord left all of his things in the house you rented for a year he is accusing you of taking them they were not listed on lease are you responsible?
i think it is considered abandoned if it is not in your lease it shouldn't be there, therefore you are not responsible.
Can you Sell a house under a lease?
The owner can sell a house under a lease, but the buyer must either honor the terms of the lease or make an offer to get the tenant to break the lease.
Is legal to evict a tenant whit a year lease contract because the house was sold in short sale?
That depends on the laws of your state. Some state statutes say that any lease is terminated by a sale, some preserve the lease.
Year of us lease end on Guantanamo?
There is no year end to this lease, the lease will first end when US and Cuba both agree on the termination of the lease. according to the Platt Amendment, the lease is indefiant at the cost of 2000 USD a year.
What is a leased to own a home?
"Lease to own", Is when you lease a house with the intention to buy it for a discounted price after the lease is over.
Can you change your lease from a year lease to a six month lease?
only with the permission of the landlord in writing
What is the average mileage per year on a lease?
About 12000 miles on a lease.
Can you break a lease due to scorpions?
The House we are renting has scorpions all over it. what to do about breaking the lease
If you cosigned for a 1-year lease for a family member and the year is up and no new lease has been signed and they are now living month to month how is the contract terminated?
I m pretty sure that the end date constitutes termination.
