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
How copyright work
The term copyright is not a novel term. However still here are many who have no idea about how copyright work? If you are one of those who are in ...
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
Know Civil lawsuits to avoid them
If you are taking a proceeding or a case of some wrong act, it might be known either as "civil" or may be "criminal" suit. Scrutinize these 2 forms of ...
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
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
Legal help while selling your home
Selling a home can bring up a lot of issues and could easily become a maze of processes. To make sure that you get your home’s worth, it would be ...
READ MORE
Buying or Selling real estate property
If you are not an expert in buying or selling a real estate property, you need the help of a sales agent to walk you through the entire process. You ...
READ MORE
Why should you buy investment property under your own name?
Because it is your investment, you can always choose where to name your investment property. If you so decide to put your property under your name, below are the advantages you ...
READ MORE
How to hire a real estate attorney?
It's really a great idea to hire a real estate attorney early on because it will help you save more time and money as well as defend you from various ...
READ MORE
DUI:Driving under the influence
Dui (DUI), generating while intoxicated (DWI), drunk(en) generating, drink generating, working under the impact, generating under the impact, or impaired generating is the criminal activity of generating a automobile with ...
READ MORE
How copyright work
How to find a good lawyer
Know Civil lawsuits to avoid them
Tenant Rights and responsibilities
Too many people living in single rental unit….what
Legal help while selling your home
Buying or Selling real estate property
Why should you buy investment property under your
How to hire a real estate attorney?
DUI:Driving under the influence