What is a lease?
A lease is a contract granting use of property for a period in exchange for rent.
Why it matters
It sets the rights and duties of both landlord and tenant for the term.
Common confusion
A lease is for a term; a rental agreement may be month-to-month and easier to end.
Frequently Asked Questions
Can a landlord raise rent mid-lease?
Generally not during a fixed term unless the lease allows it.
What if I break the lease?
You may owe remaining rent or a penalty, subject to state law.
Is a lease required in writing?
Often yes for terms over one year under the statute of frauds.