3.0 hours Contracts and Leases – Course Syllabus

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Course Syllabus:

3.0 Elective Hours

Most landlord-tenant law is state law. Although basic principles are similar nationwide, the landlord-tenant law differs somewhat from state to state. When writing a lease contract for property located in a particular state, take into account the distinctive features of that state's laws, such as the rules relating to the return of security deposits and the tenant's right to remedy dangerous conditions, to ensure the lease will be enforced by state courts. If you are not certain about your state's law, get local information from your managing broker.

Under most state laws, a lease need not be in writing unless its term extends for more than one year. Lease agreements typically include the address of the leased property, the names of the landlord and tenant, the term of the lease, the amount of the rental fee along with the due date, the amount of the security deposit, repair provisions, and other terms that may vary according to the identity of the parties and the type of property, such as whether pets are allowed or whether the tenant may sublease. Although a lease will be enforced without all of these provisions, the reaction of a court to an incomplete lease agreement is unpredictable.

This course is designed to provide the real estate professional with a better understanding of lease agreements and the provisions contained there in.

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