Question

List and explain any 5 clauses in a lease agreement.

Answer 1

1) Rental Term - This includes the term period for which the lease agreement will be valid for. The most important thing in this is it should mention the exact date, month and year to avoid any disputes in future.

2) Severability - This clause means that if by any reason any one of the aspect of the lease is found illegal still the rest of the agreement will be legally binding. This clause safeguard from any accidental small clause which is found illegal , in order to protect the whole lease agreement.

3) Rent amount and its due date - This clause states the amount of rent which is to be paid by the lessee to the lesser and the due date before which it is to be paid.

4) Subleasing - This clause includes whether the property can be subleased further by the lessee to the other person during the period of lease agreement or not.

5) Security deposit - This includes deposits given by the lessee to the lesser for the security of the property damage if it all it takes place during the lease period.

6) Renewal - This clause includes the day on which the lease agreement will get renewed. Now this clause includes whether the renewal will take place automatically or manually.

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