What is the difference between a lease and a rental agreement?
A lease and a rental agreement are both legally binding contracts between a landlord and a tenant that set out the terms of tenancy. However, they differ in the amount of time the tenant is allowed to occupy the property. A lease is a long-term agreement between a landlord and a tenant typically for a period of one year or longer. The lease outlines the obligations of both parties and governs their relationship for the duration of the tenancy. This includes things like the amount of rent due each month, how long the tenant can stay, and what can and cannot be done on the property. A rental agreement, on the other hand, is a much shorter-term agreement between a landlord and a tenant. It can be for as short as one month or up to several months. In a rental agreement, the terms of tenancy are more flexible and can often be negotiated between the landlord and tenant. This includes the amount of rent due, how long the tenant can stay, and what can and cannot be done on the property. In California, all leasing and rental agreements must comply with relevant state laws. These laws are designed to protect the rights of tenants and landlords and ensure both parties receive adequate legal protection.
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