RESIDENTIAL LEASE AGREEMENT - Landlord Association of PA 2025

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Can you write your own tenancy agreement? Certainly. Unless youre an attorney, or have an attorney review it, you probably shouldnt, But you certainly can. If you fail to follow your state/local laws to-the-letter, the agreement may be invalid.
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.
When a new landlord takes over, you usually dont have to sign a new lease unless there are changes to your existing lease terms or if the new landlord decides to offer a new lease. Your current lease remains valid and is transferred to the new landlord along with the property.
A notice of assignment of lease, which is a form signed by both the assignor-landlord and the assignee, or new landlord, is one way to give notice. Another way is to send a letter on the landlords letterhead. Either way, the notice must include the new landlords address and how rent is to be paid.
Leases must be signed by both parties. They do not have to be witnessed, although landlords may choose to have a staff member formally witness the signature. In Pennsylvania, you must be older than 18 to legally sign a contract.
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When you sign a new lease, you might wonder, does a new lease void an old lease automatically? The answer isnt always straightforward. Typically, both parties need to agree to terminate the old lease before the new one takes effect to prevent any legal confusion.
No. 111-22, 701-704 (2009), which became law on May 20, 2009, applies to state eviction proceedings. This law requires a person or entity (bank) that becomes the new owner of a residential rental property through foreclosure, to continue to honor existing leases until the end of the lease term.
Pennsylvania leases do not need to be notarized. Once both parties sign the document, it is considered legally valid.

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