What is the difference between a lease and a rental agreement?

A lease and a rental agreement are both legally binding documents that are used for renting a property. However, there are some key differences between the two. A lease typically lasts for a longer period of time, often six months or a year. The tenant is generally required to pay a fixed sum of rent during the lease period, regardless of any changes in market value or rental rates. Additionally, the tenant in a lease agreement is usually given exclusive possession and control of the rental property during the term of the lease. A rental agreement, on the other hand, is typically for a shorter period of time, often month to month. The tenant is expected to pay rent on a regular basis, and the amount of rent may vary depending on the market value or rental rates. With a rental agreement, the landlord retains more control of the property and has the right to inspect the rental unit on a regular basis. In the state of Tennessee, the landlord must abide by the rules and regulations of the Tennessee Residential Landlord and Tenant Act. Both leases and rental agreements must include the terms and conditions of the rental agreement, the rights and responsibilities of both the landlord and tenant, and any additional provisions that are agreed upon by both parties.

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What is the difference between a lease and a rental agreement?

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