Lease Letter Google Docs Templates

General FAQs

• What is a lease?

  A lease contract, or commonly known as a lease, in real estate, is an agreement by which the owner grants another party the right to reside in a property for a specified time in exchange for a periodic payment. The lease outlines the terms and conditions of the relationship to guarantee accountability and security on both sides. 

• Why is a lease important?

  Without a written contract to govern the real estate arrangement, the parties involved will find it difficult to resolve conflict and address policies discussed in an oral agreement. That's because the rights and responsibilities of the landlord and the tenant weren't set in stone before closing the deal. 

• What is the difference between leasing and renting?

  The key difference between a lease and a rent lies in their duration of validity. Lease agreements tend to be more detailed and specific, covering longer periods for renting the property. Rental contracts, on the other hand, usually occur every month. It's one reason why renting is more desirable to short-term tenants. 

• When should a tenant sign a lease?

  Since there's a lot to do before allowing the tenant to move in, having them sign the lease 30 days before occupancy will be a good idea. You'll also want them to review the lease at least a few days prior in case some parts require further negotiations or revisions. 

• How do lease letters help landlords and tenants?

  One way to eliminate the barrier that separates tenants from their landlords is to improve the way you communicate. Since personal interaction may not always be possible, you can use letters to relay messages promptly.