Though the two terms are often used interchangeably, rental agreements are distinct from lease agreements. Standard lease agreements have an end date when the tenant is expected to either move out or renew the agreement, usually after one year. Rental agreements, however, are not fixed-term and usually work on a month-to-month basis. They can be very short-term or, if they are renewed each month, last indefinitely.
Tenant privacy is also a crucial part of a rental agreement. Even though a landlord might own the property, renters and lessees have the right to enter and be on premises on a daily basis. In most cases, landlords or property managers need to give notice to occupants before entering the property. A rental or lease contract needs to reflect this rule, even for something as temporary as a one-month rental agreement.
Before you put together a rental contract, be sure to familiarize yourself with the relevant state laws and local regulations. Consult a legal professional if you’re at all unsure about your rights or obligations under local laws.
Rental contracts are not the only kind of agreements between a landlord and tenant. Occasionally the owners and occupants of a residential property have to deal with paperwork around repairs for regular wear and tear, changes to the amount of rent due each month, or changing a short-term rental into a long-term lease.
A rental agreement is a crucial document. Both parties need to be able to access the document easily to check on the details or to renegotiate terms at the end of the next rental period. Adobe Acrobat Pro makes it easy for everyone involved to review, examine, and sign contracts. Create templates for agreements, gather signatures digitally, and make renting, leasing, and housing easier for everyone with Acrobat.