jjsmom06
Posted : 4/10/2008 12:07:16 AM
A lease means that you have a commitment to stay there for a
period of time. You still pay monthly, but you are committed, by contract to
not move out till your lease is up.
Owners do this so that they don’t constantly get turnover of renters. After your lease is up, usually places will
go month to month. One of
the nice things about leases is that your rent stays the same.. however after a
lease is up and the place is month to month, sometimes owners will take this opportunity
to raise your rent.
Here is a little more info that I found for you that doesnt have as much of the "legal jargon" in it as most the sites I found:
>>>>>>
The lease is probably the most important item governing the landlord
tenant relationship. The lease is the legal agreement, or contract,
between the landlord and tenant. The lease spells out the tenant's
rights, and allows the tenant to use the property for a specified
period of time. The lease sets the terms, the rent amount, the length
of the tenancy, and all the other rules.
If you have a lease, you cannot be evicted without cause during the
term of your lease. Also, rent cannot be raised for the duration of the
lease.
If you don't have a lease, then you are a tenant at will. This means
that you have a month-to-month agreement with the landlord, and, in
general, can vacate or be evicted with one months' notice. A landlord
also cannot raise the rent on a tenant at will unless the landlord
gives one month's notice.<<<<