Leases - California Two

By
Mortgage and Lending with Nationwide Funding Group

 

A lease can be best described in any number of ways, as long as the names of the parties, descripiton of the property, rent amount, and duration of lease are included. Sometimes in the rental / lease contract the words "to let" or "to demise" , (another way to say "to rent") , will be found, but those words are always optional. Actually when i was in college i leased a house for my junior and senior years. On the lease contract it had the words "to demise" I asked the landlord what that meant and even took a dictionary to verify that.

Leases for longer than one year ( 1 year plus 1 day ) must be in writing according to the California Statute of Frauds. However, it is common sense to put all lease agreements in WRITING. Verbal agreements are diffcult to hold ground in court if a disagreement were to take place. The contractual agreement must be signed by the lessor, but not necessarily by the lessee. Again it is common practice for the lessee to sign the lease, but the law requires only that the lease be delivered to the lessee for it to be binding. The tenant`s acceptance of the lease signed by the landlord, or the tenants paying rent and taking possession of the property binds both parties to the terms of the agreement.    

 

 

Eddy Martinez

Best Rate Funding - Direct Lender - Wholesale Rates

Senior Loan Consultant

Direct Line: 1-888-702-2225 x. 115

E- Fax :1-310-943-6551

bestrate Funding

"A business that makes nothing but money is a poor business. "
- Henry Ford

Comments (3)

"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

We wish you a merry Christmas! We wish you a merry Christmas! We wish you a merry Christmas And a happy New Year! Glad tidings we bring To you and your kin! Glad tidings for Christmas And a happy New Year!

Broker Bryant and The Lovely Wife (pretend we are singing it works better like that) ROAR!

Dec 23, 2006 10:19 AM
Eddy Martinez
Nationwide Funding Group - Highland Park, CA
Same to you and yours :) , it was a pleasue meeting you this year :)
Dec 24, 2006 06:15 AM
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL
Same here. Thanks for keeping the babies pic up to date. I really appreciate that. :) TLW...ROAR!
Dec 24, 2006 06:27 AM