Burt M. Polson - Commercial Real Estate Broker

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Understanding the lease - part 3

A lease can be an often skimmed-over document with most not concerned about its contents until a problem arises or the lease expires and you are wondering what to do next.

A lease agreement is a long-term contract bringing together two parties that details the relationship and what to do when it goes awry.

In part one, you learned how a lease is a contract that creates a relationship which gives the tenant a right to use a property owned by the landlord.

In part two we discussed the commencement date and the responsibility of paying the rent promptly.

We will continue our discussion on the ten page CAR (California Association of Realtors) “Residential Lease or Month-to-Month Rental Agreement.” We are referencing terms of tenant law in the State of California, but keep in mind I am not an attorney so be sure to consult with one if you have specific questions.

Here is what to know regarding security deposits, the condition of the premises, maintenance, and damage.

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