Things to Think About When Signing a Lease
My potential landlord says she has never used a lease in the past and doesn’t want to use one with me. Is that OK?
Your landlord wants to create an oral lease. Oral leases are enforceable as long as they are for 12 months or less. The problem that oral leases create, however, is proving the terms of the lease agreement if a dispute arises between the landlord and tenant. Many contested situations come down to one person’s word against the other. Generally, if a landlord is making legitimate promises, then he or she should not have any reservations about putting these assurances in writing. Remember that a good written lease can protect your rights as well as the landlord’s.
I’m thinking about signing a lease that requires monthly payments but does not say how long the lease is going to last. Is that a bad idea?
It depends. The arrangement you described would create what is known as a month-to-month periodic tenancy. This is just a legal term that means the lease will continue for one-month periods as long as neither you nor your landlord decides to terminate the agreement. Either you or your landlord can terminate the lease as long as proper notice is given. The proper notice necessary to terminate your potential lease would be one month, because you are creating a month-to-month arrangement. This might be good if you want the flexibility to end the lease after only renting the property for a short period of time. Alternatively, this is a bad arrangement if you hope to rent the property for a long period of time, because your landlord could terminate the lease with only one month’s notice.
This article appears in August 21 • 2009.