A Lease Agreement clearly defines the rental contract terms between the landlord and tenant.
Any time you are paying a fee to rent an apartment, house or room, you should have a signed lease agreement between yourself and the landlord to understand your rights, obligations, and to protect yourself.
A lease agreement, or rental contract, will define terms between the tenant and the landlord: it will specify how long the rental contract is in effect for, a sublet policy, a pet policy, that the tenant is responsible for the payment of rent, what amount and how the security deposit is invested and returned, how the premises may be used, a policy of alterations and improvements, payment of utilities, procedures for maintenance and other policies, obligations and regulations.
We recommend that both the tenant and the landlord sign the Lease Agreement and that the tenant and landlord both keep a copy of the lease agreement in a safe place.
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