just wondering what rights would be in renting without a lease
2007-04-25 05:26:08 · 6 answers · asked by rparkin606@rogers.com 2 in Business & Finance ➔ Renting & Real Estate
no rights
2007-04-28 19:19:20 · answer #1 · answered by Shell 1 · 0⤊ 0⤋
I think that signing a lease is much better. The lease spells out what the landlord expects of you and what you can expect of them. It sets a rate for the space which can not be changed for the duration of the lease. It gives you a legal standing in court (or with the local housing authority) should things get really bad between you and the landlord. Plus, signing a lease helps to establish a rental history, which some places look for. It's kind of like a credit history, but for renting properties and nicer complexes look for this history to be there before renting out their space.
With out a lease you can essentially be thrown out of "your" place whenever the landlord feels like it (or finds someone who will pay more). You are also subject to monthly rate changes and a landlord that has no obligation to fix anything or help in anyway.
I, personally, would be cautious of a place that doesn't have you sign a lease. Not signing one doesn't seem like a legally sound practice.
2007-04-25 05:54:09 · answer #2 · answered by pjhugh01 2 · 0⤊ 0⤋
The lease in renting is like buy 10 and get one free at a store. Leasing is generally cheaper than renting month per month, but with leasing you have to at least pay for those months even if you are not actually living there.
2007-04-25 05:36:03 · answer #3 · answered by gregory_dittman 7 · 1⤊ 0⤋
Without a lease you are a month to month tenant and subject to rent hikers at any time. With a lease you are guaranteed a place to stay at a set rent for the duration of the lease as long as you don't violate the terms of the lease.
2007-04-25 05:35:00 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Lease is best, because lease GIVES you legal rights. Without a lease, you're a squatter at best, and the landlord can kick you out on a whim. With one, you have rights to things like notification of termination of your lease (i.e. they have to tell you in advance), privacy (the landlord cannot, except in emergencies, enter your apartment without notifying you), a set rental rate (this one should be obvious), and more.
No lease = no rights. If anything goes wrong between you and the landlord, you're screwed.
2007-04-25 05:37:01 · answer #5 · answered by triviatm 6 · 1⤊ 0⤋
I know a lot of complexes make you sign a lease. With no lease, the rent is higher and your deposit is increased because you are more of a risk to the complex.
2007-04-25 05:35:11 · answer #6 · answered by nc_strawberry 4 · 1⤊ 0⤋