Residential leases should include:
- The type of property
- The address of the property
- The length of the lease along with renewal terms
- The monthly rent amount along with due dates and any late fees
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Details concerning security deposits, pet deposits and what happens if the tenant damages the home
- Repair and maintenance obligations for both the tenant and landlord
- Who is allowed to occupy the property
- Grounds for termination of the lease
Depending on your state and individual agreements, the lease can contain a variety of other details, but the main purpose of the residential lease is to clarify requirements and expectations for both parties.