Real Estate – What is a Rental Contract?
Title : “What is a Rental Contract?”.Real Estate,Law Anyone following the markets recently will understand that the real estate market has now become a hot topic and almost everyone is now interested in how it works. Because of current trends, more and more people are seeking education as to how to buy or rent property. This interest is two way; from owners and those who rent property. When it comes to property, people generally fall into two categories; one either owns or rents. But whether you are an owner or a renter, there is a time when you have to come into some sort of binding agreement with either the person you are renting to or the person that is renting to you. This agreement is what is known as a rental contract and it is a binding legal document. A rental contract is an agreement that a landlord and a tenant draft and that governments the terms and conditions that govern the rental agreement. In some cases the rental contract is oral although legal experts usually discoura
