A verbal lease agreement in Tennessee: what you need to know
When it comes to renting property, landlords and tenants may opt for a written lease agreement or a verbal one. In Tennessee, verbal lease agreements are legal and binding, but they can also lead to misunderstandings and conflicts down the line. In this article, we`ll explore the basics of verbal lease agreements in Tennessee and provide some tips on how to ensure a smooth rental experience.
What is a verbal lease agreement?
A verbal lease agreement, also called an oral lease agreement, is an agreement between a landlord and a tenant that is not written down. Instead, the terms of the lease are agreed upon verbally, often followed by a handshake or other informal agreement. Verbal lease agreements are legal in Tennessee, but they can be difficult to enforce or prove in court if there is a dispute.
What are the terms of a verbal lease agreement?
The terms of a verbal lease agreement are the same as any other lease agreement, including the monthly rent amount, due date, lease duration, and any additional fees or charges. Verbal lease agreements may also include other terms, such as pet policies, maintenance responsibilities, and deposit amounts. However, without a written agreement, it can be difficult to remember or prove the exact terms of the lease.
What are the risks of a verbal lease agreement?
Verbal lease agreements can be risky for both landlords and tenants. Landlords may have difficulty enforcing the terms of the lease if there is a dispute, and they could also face legal consequences if they violate state or federal laws regarding deposit amounts, tenant evictions, or housing discrimination. Tenants may also be at risk, as they may not be able to prove that they paid rent or fulfilled their obligations under the lease agreement.
How can you protect yourself with a verbal lease agreement?
If you do decide to enter into a verbal lease agreement in Tennessee, there are some steps you can take to protect yourself:
– Keep records of all payments made and received, including receipts or canceled checks.
– Document any maintenance or repair requests, as well as any repairs done by the landlord.
– Make a written agreement with the landlord outlining the terms of the lease, signed by both parties.
– Consider consulting with a lawyer to ensure that the lease complies with Tennessee state laws and protect your rights.
In conclusion, while verbal lease agreements are legal in Tennessee, they can be risky for both landlords and tenants. If you do choose to enter into a verbal lease agreement, be sure to take steps to protect yourself and consider a written agreement. Ultimately, a written lease agreement can provide a clearer and more enforceable understanding of the terms of the lease, and help ensure a smooth rental experience for both parties.