Residential Lease Documents

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residential lease agreement

What is a residential lease?

A residential lease agreement is a contract between two parties (landlord and tenant) that outlines the rights and responsibilities of each party. It also includes information about the length of time an individual will have to occupy the property, as well as any obligations they may face during their tenancy. A lease should be read carefully before signing so that all terms are fully understood.

Residential leases are also known as rental agreements.

 

What happens if a landlord breaks the lease?

In the event that a landlord breaks their residential lease, the tenant is entitled to be refunded for any damages and/or money lost as a result of this breach. The tenant has the option to withhold rent in order to force compliance or can choose to terminate the lease and sue for damages. Withholding rent could lead to eviction so it’s important not only to find out what your rights are but also to make sure you know how much time you have before moving out.

Tenants Responsibilities For Residential Leases

As a tenant, you are responsible for upholding the lease agreement that you have with your landlord. If you find yourself in such a situation where you need to break your residential lease, there are certain steps that will need to be taken. Communicating your circumstances is the best way to have your landlord agree to your terms without any repercussions. However, the lease will define all the outcomes which could include an early termination fee, damages or lost rent.

Details of Rental Agreement & Residential Lease 

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Length of the lease and how to procede once complete

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Cost of the rent per month including details on utilities or internet

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Permission for pets, smoking or running a business

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Define responsibilities like who cuts the grass or shovels the snow

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Other details like if renters insurance is required or if a damage deposit is required

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Residential Lease FAQ

Who benefits from a rental agreement?

The rental agreement will protect the landlord and tenant equally providing assurances about rent increases, if the house sells or if the tenant wants to move out. 

What is the difference between a residential lease and a rental agreement?

There is no difference between a lease or rental agreement.  Both documents are contracts regardless of the name. 

Do residential leases remove local housing laws?

Residential leases do not trump local laws even if you agree to the terms.  If you feel your rights are being violated contact a lawyer for advice. 

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