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Most states also recognize lease agreements made orally, but only for a period of one year or less. A typical lease agreement includes: 1. The names of the parties involved (landlord and tenants) 2. Address and description of the rental unit 3. Rent payment and date by which it must be paid each month 4. Amount of the security deposit 5. Whether pets are allowed Sometimes, sections of a lease agreement could be illegal.
New tenants should check their local laws if in doubt, but generally, landlords may not include any of the following terms: 1. Discriminatory exclusion of tenants (excluding a tenant based on gender, religion, race, etc.) 2. Waiver of right to sue landlord (telling a tenant they cannot bring a lawsuit against their landlord) 3. See full list on realestate. Most landlords require tenants to pay security deposits before moving in. Security deposits are limited under most state laws.