Certify Lease For Free

A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. The lease guarantees the tenant (also known as the lessee) use of the property and guarantees the lessorthe property owner or landlordregular payments for a specified period in exchange.

Mostbut not allstates require the lease to be in writing to be considered valid.Leases must include starting and ending dates. Additionally, a lease must include the amount of rent that is due. It must show when rent is due, and how it should be paid.

The advantages of a written lease are generally considered to be certainty and clarity. The lease sets the rent for the lease term. Unless the language of the lease states otherwise, rent can not be increased during the lease term. A lease spells out the obligations of the tenant and landlord.

Reconduction occurs when the Lessee remains in possession of the premises after the expiration of a fixed term and without notice to vacate. In that case, the lease is viewed as reconducted. In that event, the Civil Code provides the term of the lease, and it is as though the lease was renewed.

Signature tenant. The tenant by which a market identifies a building and its desirability.

To be enforceable, a contract must meet certain legal criteria (i.e. it must have an offer, acceptance, and consideration; each of these terms has a specific legal definition). In almost all cases, you should consult a lawyer to ensure that you have a legally binding lease.

A lease is automatically void when it is against the law, such as a lease for an illegal purpose. In other circumstances, like fraud or duress, a lease can be declared void at the request of one party but not the other.