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Source: Oct 23, 2018 · a rental agreement is a document, which outlines the responsibilities of a tenant and the owner of the property they are leasing. The tenant will commonly pay rent on the 1st of every month and pay a security deposit, usually equaling one (1) month's rent, at the start of the lease.
This document cements the relationship between the tenant and the owner and provides a firm grounding for a successful tenancy. Prior to authorizing a lease, the landlord may request the tenant's credit and background information to ensure they can afford the rent amount. Jan 19, 2022 · updated january 19, 2022.
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