by Mary Anne Ragragio
Posted on 2019-09-12 20:17:01
A lease is a legally binding contract between the landlord and tenant, allowing the tenant to use a rental unit in exchange of rental payment. The lease tells how long a tenant can rent the apartment, usually a year. This contract contains details of the apartment, in addition, a lessee or the tenant agrees to follow various conditions about their use of the property and the rights and obligations of tenant and landlord.
In the United States, there are many types of rent payment methods. The most common types of payment are cash, debit/credit card, wire transfer or direct deposit to the bank. It depends on the landlord how they prefer to accept rent payments. Some accept all four types of options. And more landlords use the option using credit cards along with the ability to use online payment.
As a landlord, you have some important responsibilities to your tenants. A landlord is responsible to ensure that the property is habitable, clean and safe to tenants and guests.
The usual items that you can see in a lease agreement are the following: