Residential Leases

Residential leases involve renting residential property and the laws are made up of state statutory and common law. Federal statutory law may help prevent forms of discrimination. The basis of the legal relationship between a landlord and tenant is based in contract law and property law. The tenant has a property interest in the land for a given period of time or for an indefinite period of time. The landlord-tenant agreement is normally embodied in a lease.

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Residential Leases

A residential lease agreement is a contract between a landlord and a tenant for the lease or rental of a house, apartment, condominium, duplex or other residential property. Both the landlord and tenant should carefully consider the terms and form of the agreement before signing as an agreement that is signed by both parties becomes a legally binding contract.The PartiesThe parties to a lease are the landlord and one or more tenants. The landlord is the rental property owner, his agent, or a rental management company. The landlord agrees to allow the tenants to live on the property in exchange for the payment of rent. The tenants are the residents of the property who pay rent to live on the property. Read more

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