![]() Many landlords require tenants to sign lease agreements before moving into a rental property. The key distinctions between a lease and a rental agreement are discussed below. ![]() Each, however, serves a distinct purpose. Both leases and rental agreements are legally binding agreements. ![]() The terms "lease agreement" and "rental agreement" are frequently used interchangeably to refer to same thing exactly the same thing However, the terms can refer to two different types of agreements. Whatever the case, many people are perplexed about the distinction between a lease and a rental agreement. Whether you manage properties and rentals full-time or rent out a single property as a supplemental source of income, you're often expected to know it all as a landlord. The Basic Difference Between a Lease and a Rental Agreement
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