A residential lease rental agreement is a contract between a tenant and landlord, which outlines the rules, regulations and terms of the living arrangement. The tenant should abide all of the language contained within the agreement.
Significance
A rental lease agreement will state how much rent the tenant should pay to the landlord. Rent is usually due on the first of the month. Landlords will sometimes give tenants a grace period of 4 or 5 days to pay rent without being assessed a fee.
Time Frame
The lease agreement will designate the time frame for the lease. A lease is usually in effect for one year, but that can vary. The beginning date and ending date is clearly spelled out in a lease agreement.
Prevention/Solution
The landlord will make known, within the confines of the agreement, the requirements for the security deposit. A security deposit is usually required in case the property is damaged. If a tenant leaves the premises before the end of the lease agreement, the security is forfeited, unless an another arrangement can be worked out between the tenant and landlord.
Maintenance
A lease agreement will provide maintenance requirements pertaining to the landlord. The landlord will usually be responsible for the maintenance and repair of the property.
Identification
A lease agreement will provide a description of the property. The rental lease agreement will provide the entire property address.
Signature
A leasing agent, representing the landlord, or the landlord himself, and the tenant are required to sign the leasing agreement. This makes the contents valid.
Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland waterways. The state ranks 23rd in population with 4.7 million residents in 2009.
From the American Civil War until World War II, Alabama, like many Southern states, suffered economic hardship, in part because of continued dependence on agriculture. Despite the growth of major industries and urban centers, white rural interests dominated the state legislature until the 1960s, while urban interests and African Americans were under-represented. Following World War II, Alabama experienced growth as the economy of the state transitioned from agriculture to diversified interests in heavy manufacturing, mineral extraction, education, and technology. In addition, the establishment or expansion of multiple military installations, primarily those of the U.S. Army and U.S. Air Force, added to state jobs.
Alabama is unofficially nicknamed the Yellowhammer State, after the state bird. Alabama is also known as the “Heart of Dixie.” The state tree is the Longleaf Pine, the state flower is the Camellia. The capital of Alabama is Montgomery. The largest city by population is Birmingham. The largest city by total land area is Huntsville. The oldest city is Mobile, founded by French colonists.