• February 2019
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What is difference between rent agreement and lease agreement?

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Often times, these terms are used interchangeably, but there are slight differences.

lease agreement describes a contractual document that tends to be much more specific and outline not only payment, but also the intended use of the space.

On the other hand, a rent agreement outlines payment, but the terms are usually more broad and can typically be changed by either party.

If you are interested in creating or reviewing an agreement for your property, you should consult proper legal counsel. LawTrades offers comprehensive solutions for individuals involved in the real estate marketplace. The agreement that you sign (whether as the occupant or the landlord) should be airtight and completely understood. We have a feature called LawTrades Micro which might interest you. For a low flat-rate (typically $25) you can ask one of our experienced attorneys a question and receive a customized answer within 48 hours. Hope this helps – good luck!

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