What is typically included in a lease agreement between a landlord and tenant?

In a lease agreement between a landlord and tenant, the inclusion of rental terms and conditions is essential as it outlines the rights and responsibilities of both parties throughout the duration of the lease. This includes details such as the rental amount, payment due dates, the duration of the lease, security deposits, maintenance responsibilities, and any conditions regarding property usage.

Properly outlining these terms helps to prevent misunderstandings and disputes that may arise during the tenancy. Unlike preferences on decor or the interests of neighboring properties, which are more subjective and do not generally impact the legal framework of the landlord-tenant relationship, rental terms are standardized components that legally bind both the landlord and tenant to the agreed-upon rules of the lease. Similarly, while understanding the market value of the property can be important for various reasons, it is not a direct inclusion in the lease agreement itself.