Rental Agreements


A rental agreement is a type of a lease agreement where the asset under lease is a tangible property like a piece of land or a house. Here the lessor or the owner allows the lessee to possess the property for a fixed period of time and for a negotiable cost called the rent.

Rental agreements are legal contracts governed by the laws of the state .If one of the two or more than two parties; show any kind of misconduct, they could face the  legal complications for breach of law.

Any rental agreement must comprise of the following points:

  1. Names and other information of the parties of the agreement.
  2. The commencement date and the length of the agreement.
  3. Details of the property under lease like address and size.
  4. A list of conditions and responsibilities of the parties involved.
  5. The purpose or use of lease for example-residential, official or commercial.
  6. The signatures of the parties.

A rental agreement can be of the following types:

  1. House rental agreement
  2. Office space rental agreement
  3. Room rental agreement

Rental agreements must most importantly consist of the monetary discussions and the method of payment to cover the lease for the duration of the agreement.

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Category: Rental Agreements

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