What is the difference between a lease and a rental agreement?
Leases and rental agreements are two legal documents used in real estate law in California that cover the tenancy of a property. Both documents outline the relationship between the tenant and the landlord, and provide details regarding the rights and responsibilities of both parties. However, there are key differences between the two. A lease is a long-term agreement between the landlord and tenant that is usually signed for a minimum of one year. It generally cannot be terminated or changed easily, and often outlines the exact rental amount, due dates of rental payments, and other details of the tenancy. A rental agreement is usually a short-term agreement that is usually signed for a month or less. It is more flexible than a lease and can be changed or terminated easily upon agreement of both parties. It usually restricts the rental amount and lengths of tenancy. Overall, leases are long-term agreements that provide more stability and security to the landlord, while rental agreements are more flexible and favor the tenant. It is important to understand the differences between the two to ensure that the rights of both parties are respected in real estate law in California.
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