Case Study: My Experience With Homes

January 14, 2019

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Importance of Getting in a Lease Agreement

A the lease agreement is where the owner of the land or the building permits the lease some legal rights on the property that are similar to his rights over the property. The power that you will have over the property that has been leased to are at times more than the owners power over the same property. The lease enjoys more after leasing a house or a land for a long period. There many advantages of signing a lease agreement, such benefits include the following points.

One of the benefits of a lease agreement is that the land or the house is yours until your period of leasing is over. The owner does not have any right to follow you up on everything you are doing about the land or the building g. The landlord cannot forcibly throw you out of the leased property because you own it and he does not have the power to take you out or tell you what to do. You use the property as if it was yours and even if the landlord finds someone else who is paying him more money he cannot do anything to move you out of the leased property. Leasing has more advantage than renting because as tenant in rental agreement you are not given full possession of the property.

The other advantage of signing a lease agreement is that you rent controlled for a period. You don’t have to worry about paying rent at the end of each month, and you cannot be affected by rent rise that may rise at least once per year. The owner of the how cannot add extra charges that are not included in the lease agreement and you don’t have any obligation of accepting the changes. Is you feel that the lease agreement is too much for you, you have the not to accept it.

If any problem arises in the leased problem and they are not included in the lease agreement you do not have a legal right to solve that problem. examples of troubles that you are free from include doing the repairs yourself and any maintenance costs. the landlord cannot tell you to pay for any damage that has to occur to his property during your possession especially if it was not included in the lease agreement at the time of signing it. The landlord is the only person who has extra duties of doing things not included in the agreement This is a big benefit to you because you are not bound to pay for any repairs or any damages that might happen on the leased property unless it is mentioned in the lease agreement otherwise all the losses are on the lessor.

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