Know More About Lease Agreement

What Is Lease Agreement

A lease agreement is entered into when one person (“landlord”) gives use and enjoyment of his/her property to another person (“tenant”) for a specific period of time in return for the payment of rent. It is not a requirement for the lease agreement to be in writing.

What is advantage of Lease Agreement

The primary advantage of the document form of agreement is, it explains all the terms and conditions of before and after space occupation of the tenant agreed by both the persons. Once the tenant and the landlord complies and signs the document, it is not possible to modify again until both landlord and tenant agree.

What makes a lease agreement invalid

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.

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