The lease outlines the obligations and responsibilities of the landlord (owner) and tenant (tenant) and describes them. It explains what the landlord and tenant have agreed with regard to the length of the lease, what the amount of the monthly rent will be and who will be responsible for the maintenance of the property. It is important for tenants to understand that a lease can be changed before signing. If there is something you do not understand or do not accept, or if there is a provision that needs to be changed, discuss it with the landlord before signing the lease. Once your lease is signed, it regulates what the landlord and tenant can or cannot do during the term of the tenancy agreement. The tenancy agreement acts as a legal and compulsory contract between the lessor and the tenant and is used as such by the court when legal proceedings are under way between the two parties. If more than one tenant is responsible for the tenancy agreement, a landlord can impose the lease on all tenants if necessary, so it is important that all parties involved understand the liability they have under the terms of the tenancy agreement. Leases give both parties the freedom to benefit from a monthly housing agreement. A tenant can enjoy the freedom to live somewhere for only one or two months. Similarly, a landlord may only need a few months of tenant occupancy before starting the renovation in the spring.

It is important to understand that there are leases to protect both the landlord and the tenant, and these are not contractual pitfalls that must be feared by both parties. The most important thing is to maintain communication throughout the process, from the signing of the lease to its expiry. In this context, most situations can be resolved before legal complications occur. As a general rule, leases are automatically renewed at the end of each 30-day period, unless one party gives the other “correct notification,” as defined in the terms of the contract and by local laws (for example. B 30 days of imaus, 60 days` notice, etc.). While most leases are written, there are oral leases that can be imposed as oral contracts; It is important to note, however, that not all states allow oral leases and that oral trade agreements are prohibited in all states.