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residential lease vs rental agreement when referring to a written contract to rent a property many people use the terms “ lease ” and “rental agreement” interchangeably these terms actually have different meanings though landlords and tenants should understand the differences so that they can make informed rental decisions lease vs rental agreement rental and lease agreements findlaw rental and lease agreements the rental agreement or lease governs the entire rental relationship from a financial and legal standpoint this includes the amount of rent when it s due and how to pay it how many people can live in the apartment including rules for subletting what each party’s duties are and what to do if either party fails to perform landlord and tenant how to terminate a residential lease or rental agreement read more how to terminate a tenancy depends on many factors such as the type of tenancy the timing of termination and the reason for termination Rental Agreement .
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