The term “residential lease agreement” refers to the legally binding contract made between a landlord and his tenant and contains all the terms for renting a house or apartment as a residence. This document is also known as an apartment rental agreement or a landlord-tenant lease. Normally it is signed at the start of a rental term and remains in effect until the end date indicated in the agreement.

The residential lease agreement is a document that offers protection to both the landlord and tenant in case of disputes. For instance, the agreement outlines whose responsibility it is to handle expensive home repairs that inevitably arise during the course of a long lease. It provides grounds for either party to claim compensation via legal means if one party had to carry out repairs that were the responsibility of the other. In addition, the residential lease agreement provides security to the innocent party in the case of disputes between a landlord and tenant.

The lease agreement should contain the physical location of the property as well as any non-fixed related assets such as refrigerators, microwaves, dryers, water filtration systems, dishwashers and ovens. In this way, the landlord is protected when the tenant moves out and the landlord is required to maintain the property and such items in working order during the lease term.

A rental lease agreement must include names and signatures of every adult who lives at the property and needs to be constantly updated as required. This will ensure that each tenant takes responsibility for the terms contained in the lease. It also allows the landlord to claim full rent, regardless of roommate turnover.