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

Real estate leases and rental agreements are both legal documents related to the renting and leasing of real estate property. Though they have similarities, there are also numerous differences. A real estate lease is a contract between a landlord and tenant that binds them to a set of rules and conditions. These leases have a fixed time period, usually at least a year, and the tenant will usually be required to pay the same amount of rent each month. The tenant also has more stability under a lease and may be entitled to protections not included in other agreements, such as a clause for subleasing. A rental agreement is more flexible and much shorter in duration, often only month-to-month. Rental agreements do not require a long-term commitment from the tenant and the tenant may be able to negotiate the rent amount each month. In addition, a rental agreement does not provide the tenant with the same level of security as a lease. While leases and rental agreements are very similar in some ways, there are important differences that must be taken into consideration. It is important to understand how both of these documents will affect the landlord-tenant relationship and to make sure that both parties are aware of the rights and responsibilities that each have.

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

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