Verbal Agreement Of Lease
While the law grants this small leniency for short-term oral leases, it is stated that, for reasons of clarity and safety of all parties involved, it is strongly recommended that all leases be concluded in writing. An agreement exists even if there is only an oral agreement between the tenant and the landlord. For example, at the beginning of the lease, it may have been agreed on the amount of rent and the date to be paid, if it includes fuel and bills such as water rates and who can remain in the property. Once a landlord has accepted the rent by a tenant, a prior oral agreement now becomes a legal agreement. NYC residents know that there are many ways to rent an apartment or house. While most people have a written lease, this is not always the case. Sometimes owners use more informal methods, such as for example. B an oral agreement.