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Which type of lease is usually used for residential property?
The most common type of lease contract in residential real estate is Gross Lease. In a gross lease, the tenant pays a fixed amount of rent, and the landlord is responsible for paying all the expenses associated with the property, including property taxes, insurance, and maintenance costs.
Do I need a lawyer for a lease agreement?
Yeswhether you are a landlord looking to protect your property or a tenant seeking to understand your rights, a lease agreement attorney is an essential ally in ensuring a fair and secure lease agreement.
What is allowing for normal wear and tear?
Fair wear and tear refers to the reasonable deterioration that occurs in a rental property over time, as a result of normal, everyday use during the period of a tenancy. Its separate from damage caused by misuse, negligence, or intentional actions of a tenant, which the tenant should be responsible for.
What is normal wear and tear in Montana?
Normal wear and tear refers to the minor deterioration that occurs naturally over time as a result of standard occupancy and use of a rental unit. Landlords in Montana cannot deduct costs from a tenants security deposit for normal wear and tear issues.
What is the most typical lease to be used in a residential rental?
The gross lease is MOST commonly used for residential leases. T/F Leases for space in a shopping mall are usually percentage leases.
What is considered normal wear and tear in a rental in Montana?
Normal wear and tear means when things get worn out from regular use. Normal wear and tear does not include damage that you cause. You are not responsible for the regular maintenance the landlord must do to maintain the unit in fit and habitable condition.
Related links
Rental Agreements - Off-Campus Student Life
Montana law requires that all leases be in writing. If you are working with a landlord who wants the lease to be a verbal agreement, you should not rent the
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