Agreement Lease, a Contract of Rent

Renting an apartment, a house, building, land or car? Whatever you're renting, as long as it is property of another, you'd most likely be made to sign an agreement lease. An agreement lease is also known as a lease agreement or contract of lease. It is a piece of paper or several pages of paper that contain the terms and conditions of the rent.

These terms and conditions are simply known as stipulations. Stipulations in the lease contract indicate what you and the owner of the building, apartment or house have agreed upon. It may contain how long you will be renting the place, how much you will be paying at certain time intervals and if the place could be transferable to your name after some time. It might also stipulate the payment procedure and if there are any prohibitions involved.

But a lease is different from subletting although technically they are both known as a form of rent. In subletting, you rent the place, not from the original owner of the place but form a tenant of the landowner. So the landowner's first tenant is to whom you pay the rent.

For example, you stay in a rented room but the owner of the house is not the original owner but a tenant of the house. In a lease agreement, you pay directly to the landowner or his/her agent. In subletting, the original tenant does not act as an agent of the landlord. The original tenant does not have to remit to the landlord your payment for the rent of the room.

In some lease agreements, subletting is not allowed. Generally, you are responsible for the landlord's property. Until that time that the contract ceases or that you return the property to him/her, you must have exercised due diligence in seeing to it that you return it as it was. In a lease agreement, almost anything can be stipulated. You must make sure that you on the terms and do not keep on signing the pages without reading it since it might end up to your disadvantage.