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A standard rental contract in Georgia, also known as a Georgia residential lease agreement, is a legally binding document that outlines the terms and conditions for the rental of a property.
Yes, tenants may legally break their lease for any reason. However, Georgia law establishes some conditions that need to be met if that tenant wants to avoid paying penalties. Including an "Early Termination Clause" helps both the landlord and tenant end a lease agreement without any severe legal problems.
A Georgia lease agreement is a rental contract between a tenant and a landlord/owner of a residential or commercial property. The terms and conditions of each lease vary depending on the type of property and the needs of both parties.
Here's a list of common fields that should be covered in your lease agreement: Basic information about all tenants. Include the full name and contact information of each tenant. ... Description of rental property. ... Security deposit. ... Monthly rent amount. ... Utilities. ... Lease term. ... Policies. ... Late fees.
If you are on a month to month lease, in Georgia, you must give 30 days written notice before you want to leave. If you don't, your landlord may have the right to sue you or take the money out of your security deposit.
Leases are generally legally-binding contracts between two parties: the lessor and the lessee. They involve a piece of property rented out by the owner (the lessor) to the lessee or the tenant.
Countable noun. A lease is a legal agreement by which the owner of a building, a piece of land, or something such as a car allows someone else to use it for a period of time in return for money.