A non written agreement where both parties concur on the conditions of rent without having anything in writing is an agreement contract free rental. Obviously, this can lead to troubles if one party realizes the agreement in a different manner from the other. Although it is advisable that lease agreements always be in writing, there are many tenants and landlords who still choose an agreement contract free rental. A rental agreement for more than one year cannot be an agreement contract free rental for it to be implemented.
If a tenant and owner have made any decisions about changes to the property, such as new furniture or restructuring, it is better to get them in writing. Those who really mean to follow up on such promises will not oppose this. Some may shy away from the idea, however, and you will have to decide if you want to risk taking up tenancy with an agreement contract free rental. Once you take up the tenancy, there may be several problems from which there will be no respite.
As a rule most landlords are fair; however, there may be some who will take unfair advantage of a tenant. Thus it is important that your contract is a written one and is not an agreement contract free rental, so that you are able to use lawful means if you have been cheated of your rights.
The signed rental contract is a legal document that can be cancelled only for reasons mentioned in the contract. However, an agreement contract free rental may be cancelled at any time for any reason.
Benefits of LandlordOnline
1st Credit Report FREE
& Unlimited access to over
Search your states Landlord Tenant Laws.
Report BAD TENANTS to the CREDIT BUREAUS.
LANDLORD Chatrooms - Ask quesitons to other landlords, share experiances, and learn from each other.
Online Tutorials and Training (Value of
Learn how to avoid paying taxes when you sell your investment property.
Free rental agreement forms included in the 1000+ landlord forms section.
PLUS MUCH MORE ...
Basics of 1031 Exchanges
What is a 1031 Delayed
Other money making strategies
Computing the "Real Gain"
on a 1031 exchange
1033 -What's a 1033?
Exchange Real Estate for
Landlord Tenant Law
Over 800 Eviction Attorneys listed in our Attorney Directory
Deadlines for returning Security Deposit
Lead Based Paint Regulations by state
Tenants Rights to Notice Given before Entry
Lease Termination Notice
HUD/Section 8 Housing
Fair Credit Reporting Act
State Laws prohibiting Landlord Retaliation
Landlord Problems & Issues
Landlord Tenant Law Forum
Tenant Screening Forum
Forms & Agreement Forum
Financing & Mortgage Forum
Real Estate Investing Forum
Deadbeat & Skip Forum
Housing Program Forum
am a new landlord and this was the perfect site for
me to join. My friend who only has 2 rental units referred
me to LandlordOnline. The ease of use was the selling point
Rod B. - Oklahoma City, OK
had never done a 1031 exchange before but LandlordOnline
gave me more than enough information to convince me
this was great investment strategy for me.
Sheila B. - Tampa, FL
site has been very useful but I find the article of
the week to be most informative. I like being kept up
to date on issues.
John M. - Atlanta, GA
have a chat room so if there is something you need to
know, that you can't find, someone is always there to
help. This site is a really great resource.
Paul W. - Pasadena, CA
loved the customer service when I called. I made a mistake
with my credit card and the rep was attentive and very
helpful. Everything was top notch!
Shannon R. - Upper Darby, PA