📍 What Is a Landlord-Tenant Agreement?

A Landlord-Tenant Agreement is a legally binding contract between a property owner (landlord) and renter (tenant) that outlines rights, responsibilities, rent terms, and lease conditions.

📅 When and Why It’s Used in Real Estate

Used when leasing a property, the agreement provides:

• Legal protection for both parties
• Defined terms for rent amount, duration, and obligations
• Grounds for enforcement or eviction

It’s critical for property management, tenant screening, and dispute resolution.

📊 How It’s Calculated or Applied

There’s no formula, but essential terms include:

• Monthly rent and due date
• Security deposit amount
• Maintenance responsibilities
• Renewal and termination clauses

✅ Pros

• Clarifies expectations
• Enables legal enforcement
• Reduces disputes

⚠️ Cons

• Can be complex to draft
• Requires compliance with local laws
• Needs updates if terms change