Rhode Island Contract for the Lease of Real Estate

State:
Multi-State
Control #:
US-60946
Format:
Word; 
Rich Text
Instant download

Description

This form is a contract for the lease of real estate. The property and improvements are leased for use as a retail package liquor store. The lessee agrees not to use or permit the use of the property for illegal purposes. An auction, fire or going out of business or bankruptcy sale, may not be conducted in the property without prior written consent of the lessor. the lessee shall not permit overnight lodging in the property, or the solicitation of business by hand bills in the parking areas.
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FAQ

In real estate, lease contract is considered as the most important legal form because it legally binds two or more parties often referred to as the landlord and tenant. The lease contract contains rental agreement, which specifies the tenant's right to live and the landlord's right to retain ownership.

If you have a lease agreement normally you cannot terminate your tenancy unless your landlord is in breach of his/her obligations, there is a break clause in your lease or both you and your landlord agree at the time to end the tenancy.

Does Rhode Island have a law regarding grace periods? Yes, there are grace period laws in Rhode Island. Landlords cannot serve a tenant a demand for payment of rent until after rent is 15 days late.

A lease is a contract outlining the terms under which one party agrees to rent an assetin this case, propertyowned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.

A property lease agreement is a legal contract between two parties, a lessor (landlord) and a lessee (tenant), whereby the lessee is granted access to a property for a certain amount of time.

In Alberta, you do not need a written lease. However, a written lease is a good idea because then both the landlord and the tenant are clear on their responsibilities. If there is a dispute at a later date, having a written lease can help clarify what was agreed to by both sides.

Termination is effective no earlier than 45 days after the first rental payment due date following delivery of written notice of termination (§ 34-18-15(e)). Required Notice before Entry: At least two days' notice, and entry is allowed only at reasonable times (A§ 34-18-26(c)).

Rhode Island is a somewhat landlord-friendly state because there are few rent control laws.

In real estate, lease contract is considered as the most important legal form because it legally binds two or more parties often referred to as the landlord and tenant. The lease contract contains rental agreement, which specifies the tenant's right to live and the landlord's right to retain ownership.

To terminate a lease in Rhode Island, the tenant must provide sufficient notice, which is based on the frequency of payments for their lease: Week-to-Week: 10 days notice. Month-to-Month: 30 days. Quarter-to-Quarter: No Statute.

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Rhode Island Contract for the Lease of Real Estate