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Residential Lease

What is Residential Lease?

A lease is a contract a landlord and tenant sign when a tenant wants to rent commercial or residential property. A Residential Lease Agreement is a lease agreement that is specific to residential rental properties and is used to outline the terms and conditions of a tenancy, including the rights and obligations of the landlord and tenant. It can be used for various types of residential properties, including apartments, houses, condos, duplexes, townhouses, and more.



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What are included in a Residential Lease Agreement?

Landlords using LawDepot's Residential Lease have the option of using a standard or comprehensive agreement. Standard rental leases generally include: - Contact information for the landlord and tenant - Property details (address, square footage, amenities, etc.) - Lease specifics (the type of lease, length of the term, etc.) - Rent payment details (the amount due, payment frequency, charges for late payments, etc.) and other payment information (such as details about a security deposit) - Rental rights and obligations for the landlord and tenant - Other details such as dispute resolution methods (mediation, arbitration, or both), if there are any signing incentives for the tenant, and whether there is an option to purchase (sometimes called a rent-to-own) and/or an option to renew the lease


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