A residential lease rental agreement is a contract between a tenant and landlord, which outlines the rules, regulations and terms of the living arrangement. The tenant should abide all of the language contained within the agreement.
A rental lease agreement will state how much rent the tenant should pay to the landlord. Rent is usually due on the first of the month. Landlords will sometimes give tenants a grace period of 4 or 5 days to pay rent without being assessed a fee.
The lease agreement will designate the time frame for the lease. A lease is usually in effect for one year, but that can vary. The beginning date and ending date is clearly spelled out in a lease agreement.
The landlord will make known, within the confines of the agreement, the requirements for the security deposit. A security deposit is usually required in case the property is damaged. If a tenant leaves the premises before the end of the lease agreement, the security is forfeited, unless an another arrangement can be worked out between the tenant and landlord.
Colorado is a U.S. state that encompasses most of the Southern Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains. Colorado is part of the Western United States and the Mountain States. Colorado is the 8th most extensive and the 22nd most populous of the 50 United States.
The state was named for the Colorado River, which early Spanish explorers named the Río Colorado for the red colored (Spanish: colorado) silt the river carried from the mountains. On August 1, 1876, U.S. President Ulysses S. Grant signed a proclamation admitting Colorado as the 38th state. Colorado is nicknamed the “Centennial State” because it was admitted to the Union in 1876, the centennial year of the United States Declaration of Independence.