When you are renting a property, it is important to have a written lease agreement in place. A verbal lease agreement is binding, but having a written document is always the better option. A landlord and tenant can easily enter into a verbal agreement when it comes to renting a property, but there are some key things that you need to keep in mind. In this blog post, we will discuss the differences between a written lease agreement and a verbal lease agreement, and why it is important to have a written lease in place.
First and foremost, a verbal lease agreement is legally binding. If something goes wrong during the course of the rental agreement, there is legal recourse for the landlord. If you have a written lease agreement in place, both the landlord and tenant are protected by law and it will be much easier to determine who is right in a given situation by following the paper trail. In addition to being legally binding, a written lease agreement also helps to avoid any misunderstandings between the parties involved. It is important to remember that when it comes to renting a property, communication is key – with a written lease agreement in place, both landlords and tenants know exactly what is expected of them.
A written lease agreement is also beneficial in the event that one of the parties wants to terminate the agreement. In most cases, a tenant will have to give a certain amount of notice before they vacate the property – with a written lease agreement, this information is clearly spelled out and there is no confusion on either side.
Landlords should always require tenants to sign a written lease agreement, as it provides them with some level of protection. A tenant who breaches the terms of their lease may be subject to eviction proceedings, and it helps landlords take legal action against tenants who do not pay rent or damage the property. It is important to note that in most cases, landlords cannot evict a tenant without going through the proper legal channels – however, having a written lease agreement in place makes the process much easier.
Overall, a written lease agreement is a good idea for both landlords and tenants. It provides clarity between the parties involved and helps to avoid any misunderstandings down the road.
When it comes to renewing your lease agreement, there are two options – you can either enter into a new lease agreement or you can become a month-to-month tenant. Most written leases are for a 12-month period, but there is typically some sort of renewal process spelled out in writing. If nothing else is done, the tenant is then considered to be a month-to-month tenant or holdover tenant. In these circumstances, all of the terms of the original lease typically apply but their rent obligations are only from month-to-month.
It is important to note that landlords have the right to terminate a month-to-month tenancy at any time, for any reason. However, they must provide the tenant with proper notice in advance.
Landlords can evict tenants using any type of lease agreement, but, I can not stress this enough, it is better to have all the details are in writing. This will help to avoid any confusion on when rent is due, how much needs to be paid, and who is responsible for attorneys fees. It is also a good idea to have late fees in place in case rent is not paid on time. Having an agreement in writing can help protect both the landlord and the tenant in the event of any disputes which may arise.
If you are a landlord, it is very highly recommended to always require tenants to sign a written lease agreement. This will help to protect your interests and ensure that both parties are aware of their obligations. If you have any questions about evicting tenants or writing leases, please don’t hesitate to contact us for more information!