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

A real estate lease and a rental agreement are both legal documents that deal with renting a property in California. However, there are some key differences between the two. A real estate lease is a contract between a landlord and a tenant that outlines the terms and conditions of the rental of the property. It usually lasts for a minimum of one year and has a set number of months, usually 12 or 24. In a real estate lease, a landlord and tenant agree to conditions such as how much rent will be, who is responsible for certain services, and how long the agreement lasts. On the other hand, a rental agreement, also known as a month-to-month lease, is a contract between a landlord and a tenant that outlines the terms and conditions of the rental of the property for a period of one month. The rental agreement does not need to be renewed every month, but it does need to be renewed if either party changes the terms of the agreement. A rental agreement usually has a lower rent amount than a real estate lease and the tenant may be able to leave the rental property at any time. In short, a real estate lease is a longer agreement between a landlord and tenant and usually involves a set rent amount for a minimum of one year, whereas a rental agreement is a shorter agreement that involves a rent agreement for a period of one month. Both documents are important for ensuring both parties abide by the terms and conditions of the agreement.

Related FAQs

What is the role of an appraiser in a real estate dispute?
What is the role of a financial advisor in a real estate dispute?
What are the different types of motions in a real estate dispute?
What are the different types of real estate litigation?
What is the difference between a real estate lease and a rental agreement?
What is the role of a real estate broker in a real estate dispute?
What are the legal rights of a tenant in a real estate dispute?
How is an implied warranty of habitability relevant to a real estate dispute?
What happens if a real estate contract is breached?
What is the difference between mortgage foreclosure and lien foreclosure?

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

Related FAQs

Related Blog Posts