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What Is a Residential Lease?
A residential lease is a written agreement that allows a person to use or occupy a property for a certain amount of time. Residential leases are mainly for one to three year terms. For example, you will typically sign a lease agreement with a landlord when you rent a Houston Tx home, Houston apartment, Houston townhouse, condo, loft or residential high rise. “Homes for rent” and “homes for lease” are used interchangeably.
A residential lease agreement is less complex than a purchase agreement and normally involves little more than a standard rental agreement with an outline of the rules and regulations of the home or building, or expectations of the owner and tenant above and beyond what the Residential Tenancy Act sets out.
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