Wednesday, October 24, 2007

What will generally be in your lease?

1. Names of all tenants. Every adult who lives in the rental unit, including both members of a married couple, will be named as tenants and sign the lease or rental agreement.
2. Limits on occupancy. Your agreement should clearly specify that the rental unit is the residence of only the tenants who have signed the lease and their minor children.
3. Term of tenancy. Every rental document should state whether it is a rental agreement or a fixed-term lease. Rental agreements usually run from month-to-month and self-renew unless terminated by the landlord or tenant. Leases, on the other hand, typically last a year.

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