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The Tenant then has the option to vacate the premises or to remain at the new rental rate. 30. DISCLOSURE a Owner or Agent NAME ADDRESS PHONE b Tenant/s 31. ADDITIONAL CLAUSES WHEREFORE We the undersigned agree to be bound by all the terms of this agreement Date NOTE The Tenant is urged to purchase special renter s insurance on his personal property because the Landlord s property insurance does not usually cover the occupant s personal possessions against fire water damage and theft. AND 2. PR ...

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What are 5 things that should be included in a lease?

These are eight clauses that a landlord should include in a lease agreement in California: Security Deposits. ... Specific Payment Requirements. ... Late Rent Fees. ... Rent Increases. ... Notice of Entry. ... Rental Agreement Disclosures. ... Gas and Electricity Disclosure. ... Recreational Marijuana and Rentals.

What is the purpose of a lease?

A lease is a contract outlining the terms under which one party agrees to rent an asset\u2014in this case, property\u2014owned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.

How can you spot a lease?

They instruct you to wire money. The Listing Photos Have an MLS Watermark. The Listing Details Are Vague. They Dont Want to Show You the Place First. Theyre Ready to Make a Deal With No Background Info. Theyre Out of the Country They Want You to Sign Before Seeing Anything. The Asking Rent Doesnt Match Up.