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Deeds – Transfers ownership of real estate from a seller to a buyer. Unlike titles, which express the buyer’s right to ownership, deeds represent the physical transaction.
Lease Agreement – A legal contract used when a party conveys land or personal property to another party for a specific amount of time in return for payment. The lease agreement outlines all of the aspects of the lease arrangement so that each party understands his rights and obligations under the lease.
Rental Agreement – A rental agreement is similar to a lease agreement, but only provides for use of the property for a short period of time. Where a lease agreement for rental property, such as a home, is commonly signed for a period of six months to one year or more, a rental agreement is usually only valid for 30 days. At the end of the rental period, the rental agreement automatically renews for the next period. This is known as a month-to-month tenancy. The terms of a lease agreement remain valid for the entire term, but the terms of a rental agreement can be changed by either party with sufficient notice.
Rental Application – Landlords and property managers use these documents to screen prospective tenants for residency.
Rental Inspection Report – A detailed outline of a property’s condition before and after a tenant rents a property, used by landlords and property managers.
Notices – A formal notification or warning of something, given by landlords and property managers.