A Tennessee standard residential lease agreement dictates the terms by which a rental arrangement must abide throughout the entirety of a leasing period. Such leases typically last one (1) year, but a renewal provision may be added if the parties intend on automatically extending. Both parties must include all relevant terms and conditions on the document, such as monthly rental costs, required security deposits, and tenancy policies. Any item worth noting should be stipulated in case a future issue arises. Prior to selecting a tenant, landlords may conduct background checks to ensure the individual is financially capable of maintaining their contractual responsibilities. Though limited compared to the landlord, the tenant may also practice due diligence before entering a formal arrangement by visiting the property and inspecting its livable quality.
Handbook – Know Your Legal Rights and Duties
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