3 Reasons Why Residential Lease Agreement Is Required

1. 3 Reasons Why Residential Lease Agreement Is Required A residential rental lease agreement is an essential document that is signed between landlord and tenant. There are certain things that a rental contract must include. Here are seven essential clauses that should be part of the lease agreement. 1# Identifies Both Parties The lease agreement identifies the parties to the lease agreement. The rent agreement is signed between a landlord and the tenant who is occupying the property for rental property. All tenants who are above the age of 18 years should be named in the lease. The address of each party should be included. The address of each party should be included. 2# Clarifies Property Details It contains all the details of the property. The complete mailing address will be included in the property, e.g., house number, street name, apartment number, town, state and postal code. 3# Rental Term The lease agreement is valid for a clear start date and end date. You should include the exact dates and avoid the general terms. Don’t mention as the lease is valid for six months or the lease is valid for a year. All other details are also a part of the rental agreement. The residential lease agreement form is available for free at various legal forms site.