A real estate lease is a written agreement between a Landlord and a Tenant establishing the rights and responsibilities of each party. The Landlord is the owner of real estate (also known as "premises") who rents that property to a Tenant for the Tenant's use. A "residential" lease applies to real estate used as a place for where a Tenant lives, while a "commercial" lease applies to business property.
A written lease should be prepared and signed whenever property is rented to reduce the likelihood of misunderstandings between the Tenant and the Landlord regarding the rental arrangement.
Rocket Lawyer has designed an easy-to-use Quick Form Lease that provides you with a comprehensive set of standard lease provisions and options. Our streamlined interview process makes it easy to create the best lease agreement to suit your legal needs.
No, not everyone will need a residential lease form. If you rent, you should make sure that you do get a lease form though. It will protect you and your landlord from any problems that may arise.
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Absolutely.
If you have a lease agreement with a fixed term (Example: a typical 12 month residential lease agreement) then you cannot get out unless you get the Landlord's permission.
A lease agreement could be for the cases of private leasing including residential purposes. A commerical lease agreement is leasing for use of businesses.
It would be called a Residential Rental Agreement, Residential Lease, Month-to-Month Tenancy Agreement, or something to that effect. The name varies widely.
Running a business from a residential lease can be very tricky, especially if the owner doesn't approve of your business. I would first hire a lawyer to find out what kind of contract you can come up with with your landlord.
In Pennsylvania, a tenant has a rescission period of three days to cancel a residential lease if they entered into the lease agreement as a result of a door-to-door sale or if the lease was signed at a location other than the landlord's primary business location. However, there is generally no automatic rescission period for residential leases signed in other circumstances. Tenants should review their lease agreement and consult local laws for specific details regarding their rights and options.
december 19th 2011
You must be 18 years old to enter into a residential lease agreement in the USA.
Yes, if it has been signed by the Landlord and Tenant.
Yes, unless the landlord breached the lease in some significant way.