Residential leases are contracts signed between owner of a property and a potential tenant who wishes to occupy the property for a period of more than eleven (11) months. Such leases are often very similar to typical short term rental agreements with a difference only duration or period of contract.
Residential leases signed for long periods of time often have clauses which are exactly the same as that of conventional rental deeds. The format followed too is pretty much the same. Some of the important clauses in a long term residential lease include-
Duration of the contract
Rent, security deposit and maintenance charges
Consequences of breaching the contract
Code of conduct expected from owner and tenant
Method to be followed in case a dispute arises
Conditions of contract renewal
Residential leases have to be drafted with care to make sure that future legal battles do not ensue between the owner and tenant. This means that the lease has to be comprehensive enough to leave no room for loopholes. LegalDesk has a near perfect, legal expert verified, pre-drafted long term residential lease. Go ahead, create one now!!!
By accessing the website www.legaldesk.com, you acknowledge that you are seeking information about Legaldesk of your own accord and that there has been no form of solicitation, advertisement, or inducement by Legaldesk or its employees or members. The content on this website is for informational purposes only and should not be construed as soliciting or advertisement. No material or information provided on this website should be considered legal advice. LegalDesk.com does not provide any legal advice, consultation, accounting or auditing services, and is not a law firm, chartered accountancy, or company secretary firm. The services provided by LegalDesk.com cannot be construed as a substitute or alternative for legal advice. The website provides legal articles, news, and drafts for informational and educational purposes only. However, due to changing laws and amendments in the law, we cannot guarantee the accuracy or correctness of the content provided therein. Please be aware that due to the differences in laws across jurisdictions, we do not assure the accuracy and applicability of any documents or templates or other services in other jurisdictions. Please consult your lawyer or chartered accountant for the same. The use of this website does not create an attorney-client relationship between LegalDesk.com, its employees, and any customer.