Lease or rental agreements are important because they govern the relationship between landlords and tenants and set forth the terms of the relationship, the lease agreement covers many things, including:
- Total cost of rent
- Due date of rent
- Who is responsible for repairs
- When the security deposit will be returned and under what conditions it could not be returned
- Additional details important to the renter-landlord relationships
The lease agreement is essential when the landlords and tenants have disputes, as it may provide guidance as to how the dispute can be resolved. A seasoned mediator will be able to review and use the lease agreement to assist the parties in resolving a dispute.