A Hawaii standard residential lease agreement legally binds a rental contract between a property’s landlord and the tenant who will occupy the premises for housing purposes. Standard leases often last for one (1) year, and the tenant owes the fixed rental amount on the first of each month. On the leasing document, both parties must include all the terms and conditions affecting the tenancy as well as the deposits due at signing. Landlords usually request the first month’s rent and a security deposit worth the equivalent of a month’s rent upon entering a lease. Though they may seem steep in price, deposits can be thought of as an earnest payment in case any damages occur during the leasing term. Upon settling costs, the parties must complete the lease agreement and sign it into effect.
Laws – Chapter 521 (Residential Landlord-Tenant Code)
Handbook – Handbook For The Hawaii Residential Landlord-Tenant Code
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