The Real Estate Encyclopedia
What Are The Provisions Of A Valid Lease?
Category - Home Ownership Questions - Lease & Renting FAQ's

The provisions of a valid lease are essentially the same as for any valid contract.  A valid lease must have:

       the offer and acceptance

       consideration

       capacity to contract

       legal objectives

       a description of the premises

       term of the lease

       safekeeping and return of the security deposit

       improvements of the property

       maintenance of the premises

       condemnation clause, compliance clause (referring to local laws and regulations)

       insurance

       non-compliance clause

       lease renewal terms and rent increases

       expansion options

       responsibilities of the landlord and tenant



References
 
Category(s)
Home Ownership Questions - Lease & Renting FAQ's
Real Estate Information Sources - General Real Estate Information
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