Legal Definitions - Rental agreement

A rental agreement is a contract between a landlord and a tenant. The agreement allows the tenant to use and occupy the landlord's property for a short period of time, usually one month. In exchange for the tenancy, the tenant pays rent to the landlord.

A written rental agreement should include:

• Identification of the landlord and tenant
• Identification of the property
• Terms and conditions for the rental payment
• Duration of the tenancy
• Terms and conditions for the tenancy
• Liability rules for damages and repairs of the property
• Rules for the termination and renewal of the contract

For example, if you rent an apartment from a landlord, you will sign a rental agreement. The agreement will state how much rent you need to pay each month, how long you can stay in the apartment, and what you can and cannot do while living there. If you damage the apartment, the agreement will also state who is responsible for paying for the repairs.

It is important to note that a rental agreement is different from a lease agreement. A lease agreement is a long-term contract, while a rental agreement is short-term.