What is considered defaulting on a lease?

A “default” is a failure to comply with a provision in the lease. A common example is a failure to pay the rent on time. Failing to meet any of the requirements in a lease can legally constitute default, e.g., not showing evidence of insurance, removing trees if prohibited by the lease, not repairing a structure.

What are the terms of a lease agreement?

Section 1. Monthly Rent: The Tenant agrees to pay the Landlord and the Landlord agrees to accept, during the term hereof, at such place as the Landlord shall from time to time direct by notice to the Tenant, monthly rent set forth in the following table: Initial Period of December 1, 2013 to May 31, 2014: $ 0 June 1, 2014 to May 31, 2015:

Can a landlord offer a one year lease?

What’s the difference between month to month and one year lease?

Some landlords may offer a two-year lease. A yearly rental agreement will run for a full 12-month period. Essentially, your one-year lease will continue on as a month-to-month lease once the year is up. Your landlord may want to sign another lease at the end of the term, but there is no obligation to create a new lease.

What happens at the end of one year lease?

A yearly rental agreement will run for a full 12-month period. Essentially, your one-year lease will continue on as a month-to-month lease once the year is up. Your landlord may want to sign another lease at the end of the term, but there is no obligation to create a new lease. Terms remain the same – though rent can be increased.

What are the terms of a basic lease?

BASIC RENTAL AGREEMENT OR RESIDENTIAL LEASE This Rental Agreement or Residential Lease shall evidence the complete terms and conditions under which the parties whose signatures appear below have agreed.