Buying real estate property isn’t the right choice for everyone for many reasons. Maybe you don’t currently have the means to fund a large purchase or the commitment to stay in one place is too much right now. Whatever the reason is, many people choose to lease property instead of buying. For those who own property, leasing it out can also be a great source of income. Of course, lessees and lessors have a lot on the line when leasing property. To help ensure that your best interests are protected, you need experienced Tennessee lease attorneys to assist you.
At Tressler & Associates, we will see that everything in your lease agreement is in order before you sign it. Our Tennessee lease attorneys understand the complexities that can come with leasing property and help prevent any future issues.
A lease agreement is a legally binding contract between the lessee and lessor of a property. The length of time a lease agreement is applicable may vary, but they often cover 12-month residential rental periods, whereas commercial leases agreements can span years. This contract lists what both parties are responsible for, such as details regarding rent and how repairs and maintenance are to be handled.
Contrary to what some might believe, a lease agreement is not the same as a rental agreement, though they may seem similar. As a lease agreement is a legally binding contract that can heavily impact lessors and lessees, it’s important to have a real estate attorney provide guidance and advice.
There are many online solutions available today that can tell you how to create a lease agreement on your own without the help of an attorney. While commercial leases are often extremely complicated, many residential leases are similar, and many might believe it’s easier and less expensive to do this themselves. Some might even think that an oral agreement is all they need to lease a property. However, whether you’re a lessor or lessee, an informal DIY lease agreement can end up doing much more harm than good.
When you sign a legally binding contract like a lease agreement, you want to be sure of all the terms and conditions you’re agreeing to. Even in a simple lease agreement, you need to be careful that there is no confusing or vague language that can be misinterpreted in the future.
Unfortunately, it’s easy to make mistakes on a lease agreement when you don’t have an experienced attorney to review the details. There are serious consequences for parties who breach a leasing agreement, and someone who understands the language of legal documents can help prevent any complications from arising. A real estate attorney is essential for ensuring that the contract is as favorable as it can be for lessors and lessees.
When you need to lease to have a place to live or work, or if you depend on the income from leasing out your property, you can’t be too careful. At Tressler & Associates, PLLC, we know how important it is to have the assistance of an attorney when drafting a leasing agreement to protect yourself. Our lease attorneys will thoroughly review the document to ensure that it’s reliable, accurate and that the terms and conditions are acceptable for both parties.
Contact our real estate attorneys today for the help you need with a Tennessee lease agreement.
If you are in need of legal services, our team of experienced attorneys is here to help! If you need a lawyer now or are just in need of general counsel, we are happy to discuss your needs with you.