Residential Rental Agreements

Residential rental agreements are used to rent residential property, such as apartments or houses. Unlike commercial rental agreements, which offer few protections to renters, residential rental agreements are subject to both federal and local laws designed to protect renters. Laws vary by location, however in many places a renter may be legally allowed to withhold all or a portion of the rent if a landlord fails to make necessary repairs to a rental property. A tenant may also be able to terminate their rental agreement if the landlord fails to keep the property in a safe and habitable condition. A general right to privacy is also allowed in most residential rental agreements. For a landlord to enter a rental property, proper notice must first be given to the tenant, except in certain cases, such as emergency situations. Tenants who violate the terms of residential rental agreements may be subject to financial penalties or eviction.

Fast Facts

  • The national average monthly rent for apartments in mid-2009 was approximately $978 a month.
  • 32.2% of households in America were renter households in 2008.

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