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A house lease agreement is drawn up between the tenant(s) and the landlord or property management company. It explains the duties of the involved parties and outlines items such as monthly rent, due date, deposit amount, whether pets are allowed, and the term of the lease. A house lease agreement should be be signed and dated by the parties. Both should keep a copy of the signed house lease agreement.
A house lease agreement may be a legally binding document between a tenant (or tenants) and a landlord or property management company regarding a rental house. The house lease agreement explains the term the lease is for, who will live on the property, the amount of the rent, when it is due, whether pets are allowed, and it will outline all of the obligations of the parties involved. A house lease agreement should be signed and dated by the involved parties and both should have a copy of the agreement.
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Alternate Names:
A house lease agreement is used to document an agreement by a landlord or property management company to lease a house to a tenant. It includes all of the important information that the tenant needs to know, including the obligations of both parties.
Using a house lease agreement is important because if a legal issue arises, such as the need to evict, it is easier to prove rent amount, agreement to pay, and the other legalities if a house lease agreement is in writing.
Landlords and property management companies should use a house lease agreement to ensure that the involved parties understand their obligations regarding the house that is being leased.
Is a written house lease agreement important?
Yes. Although oral leases are legal in many states, a written house lease agreement is important to have. A written house lease agreement gives documentation to both the landlord and the tenant regarding the term of the lease, the amount of rent, when rent is due, and other obligations that exist for the involved parties.