In most of the rental agreements, the heading is "Lease Agreement'. Where offer and acceptance and terms are stated. Is it enough to make it 100% legal?
2007-12-06 18:24:59 · 4 answers · asked by curious 2 in Business & Finance ➔ Renting & Real Estate
There is essentially no difference between the terms "agreement" vs "contract" legally. Meaning, if there are sufficient requirements in the executed document, both sides have given "consideration" (payment on one side, transfer of property for residency on the other side), then by state law (which is what governs contract law), it is a "contract"
as to the other reply that certain "contracts" are unenforceable - that is true, such as contract or agreement to be a slave, prostitution, perform an illegal act. Otherwise
a Lease Agreement is a Lease Contract if sufficient requirements are met.
2007-12-06 18:40:23 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Any agreement that does not contravene state or federal laws is a legally binding contract. The two words are interchangeable. In general use, an agreement is considered to be more amenable to amendment and leans more to the spirit of the arrangement where as a contract is strict in its interpretation and usually requires written approval for any variation and also is applied strictly as written.
2007-12-06 21:05:57 · answer #2 · answered by oldersox 5 · 0⤊ 0⤋
Not every agreement is 100% legal just because all terms are agreed to. If you read about the ability to enforce a contract, such cases as the contract requiring performance of an illegal act cannot be enforced.
2007-12-06 18:31:15 · answer #3 · answered by cattbarf 7 · 0⤊ 0⤋
whilst a guy or woman buys an place of residing construction, they'd chosen to settle for the present leases or no longer. the previous proprietor would desire to have worked that out with the recent purchaser and the previous proprietor would be to blame for notifying you. I even have bought condominium assets and we constantly specify that the present agreements expire upon pass. we can then have tenants sign new agreements. It would not recommend that we are going to advance rents yet we want our settlement in place as you don't comprehend how nicely the previous settlement replaced into written. you will would desire to speak with the recent landlord to ensure what occurred. they'd desire to be prepared to supply you the call of the escrow company to substantiate. while you're no longer in a hire administration area, they'd advance the hire by ability of any volume they want.
2016-11-13 22:56:47 · answer #4 · answered by ? 4 · 0⤊ 0⤋