A residential lease agreement is a contract between the landlord and tenant for the use of residential property in exchange for monthly rent. The form must be written in accordance with State law and must include any required disclosures or statements. It is recommended for the landlord to require the tenant to complete a rental application and verify their employment and income prior to executing a lease.
Main Elements
Yes, either the landlord can add an amendment after the original lease has been signed. For an amendment to be added, both parties are required to agree and sign.
No, the landlord and tenant are the only parties required to sign a residential lease. They can sign by handwriting or use digital services such as DocuSign (paid) or eSign.com (free).
Depends on the violation and the State where the property is located. Use the Table of Laws (eviction) to find the required notice period.
The general rule is no more than 30% of the tenant’s income should be spent on rent. If the tenant is going to spend more the landlord is recommended to require a co-signer or the maximum security deposit allowed.