Understanding Leases and How They Differ from Normal Rent
Understanding Leases and How They Differ from Normal Rent What is a Lease? A lease is a legally binding contract between a landlord and a tenant that outlines the terms and conditions under which the tenant agrees to rent a property for a specific period. This agreement provides both parties with a clear understanding of their rights and responsibilities. Key Features of a Lease: Fixed-Term: Leases typically have a fixed duration, such as six months,…