Contracts of Lease is a common bilateral agreement between the Lessor (the landlord), the party who leases a space or a property for a fee (more popularly recognized as rents) and the Lessee (the tenant), the party who leases the property and is obliged to pay rent. Lease, as a contract mandates each party, the lessor and the lessee to abide by standard contractual relation over which the terms and conditions of the said lease contract must be mutually followed by them.

The responsibilities of the lessor and lessee are essentially separate but mutual. Verbal forms of lease are already abolished from the mainstream. Instead, it is narrowed down into writing that should be notarized. In order to forge a valid lease contract, there must be meeting of the minds. This means that the parties must bilaterally stipulate the terms and conditions of the lease. It is discouraged that the contract should be stipulated by the lessor only because otherwise, the contract will become a “contract of adhesion” which is given less respect by courts against the lessor.

In whatever case, the liabilities of the landlord and the tenant depends on the terms and conditions stipulated by the contract usually separated as the duties and responsibilities of the parties, which specifically deals with the span and duration of the contract, grounds for recession of the contract, prohibition against subleasing, installation of improvements, payment of bills. These are just some of the major key elements that both the land lord and the tenant are obliged to comply in good faith.

This is the reason why both the parties must see to it that they must sit and talk about the major stipulations in the contract, draft stipulations that are fair and commensurate to both parties and incorporate it as a whole integral part of the contract itself. Once the contract is done, both the parties affix their signature, thereafter signed by two disinterested witnesses and thereafter it will be acknowledged before a notary public. Once the instrument is notarized, it becomes a public instrument that is binding between the land lord and the tenant. This would mean that both the landlord and the tenant are duty bound to comply and perform their part of the bargain. The reason is that, their already exist a landlord-tenant relationship and as such, they are mandated to follow the stipulations in the contract because this is the law by and between the parties.

Related Posts
Why to hire dui lawyer
You must have heard of the friends or family members being caught under the DUI. Definitely, Driving under Influence is not a small case. In fact most of the states ...
READ MORE
How landlords can check a tenant’s credit report?
There are private credits reporting agencies that collect credit files and other consumer information and sell them. Landlords can get the credit report of their tenants through these agencies. Landlords ...
READ MORE
Bankruptcy filling without an attorney
Within the 2005 legal guidelines, customers have to choose credit score guidance before submitting a new individual bankruptcy request. Consumers are also subjected to an easy method check, to determine ...
READ MORE
How to find a good lawyer
Lawyers are everywhere, each has her or his own expertise or specialised area in the fields of law that vary from civil, criminal or appellate litigation. Finding however a good ...
READ MORE
Risks and Benefits of buying a foreclosed property
Buying foreclosure property may give you great discounts; however, there are various underlying risks to it too. Benefits Pre-foreclosure home owners want to sell their houses in a hurry to avoid foreclosure, ...
READ MORE
Too many people living in single rental unit….what to do?
Defining how many people can live in a rental unit is one of the biggest problems that some landlords have to face. The legally defined specifics vary per state. This ...
READ MORE
Tenant Rights and responsibilities
Have you recently moved out and you’ve decided to move again into a rented residential unit? Did you know that the tenant rights made by the Federal and State bodies ...
READ MORE
Common Commercial Lease Terms
The commercial lease clauses are the written and binding agreement on the real estate you will rent for your business. It will help you avoid trap and negotiate for bargains ...
READ MORE
Fighting for Red Light Camera Traffic Ticket
If you are facing a red light camera ticket case, the best thing you can use for your defense is to challenge the clarity of the image captured. You better ...
READ MORE
Landlord tenant law
Landlord tenant law of a dwelling house or a residential building is governed by tenancy law which applies real estate property law and contracts in leasehold estates. If you are ...
READ MORE
Why to hire dui lawyer
How landlords can check a tenant’s credit report?
Bankruptcy filling without an attorney
How to find a good lawyer
Risks and Benefits of buying a foreclosed property
Too many people living in single rental unit….what
Tenant Rights and responsibilities
Common Commercial Lease Terms
Fighting for red light camera traffic ticket
Landlord tenant law