Lease Agreement FAQ

A lease agreement is a contract between a landlord and tenant that grants the tenant the right to use a property for a specified period in exchange for rent. It covers rent amount, payment schedule, lease term, maintenance responsibilities, and conditions for termination.

Essential elements: property description, lease term (start and end dates), rent amount and payment terms, security deposit, maintenance responsibilities, permitted use, insurance requirements, subletting provisions, termination and renewal terms, and dispute resolution.

A lease has a fixed term (typically 1 year or more) and cannot be changed until the term ends. A rental agreement is usually month-to-month and can be modified with proper notice. Leases provide more stability; rental agreements provide more flexibility.