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Updated about 10 years ago on . Most recent reply
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Handwritten lease legal value??
Hi All,
We are changing apartment for a cheaper one while looking to do our first deal (MF with rehab using an FHA 203k loan).
We found a good rental with a very nice landlord that seems really trust worthy but I'd still like to verify some points with you.
The proposed lease is handwritten as follow (I removed names and address):
"I landlord-name agree to rent apt.-address to my-name beginning date for the sum of $rent a month. Tenancy will be from month to month. With a thirty day notice required to terminate said agreement"
I have several concerns for which I'd like to seek your advice (I'm fairly new to renting in the US):
- does a handwritten lease have any legal value?
- I am asked to pay a 600$ security deposit (which I'm perfectly fine with) that is not mentioned in the lease. I feel like I can just lose it without any recourse possible.
Have you ever encountered this kind of situation?
Thanks for your help!
Yoann
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Hey @Yoann Mamy Randriamihaja . I cannot advise you on your states laws. Normally it doesn't matter if a lease is typed or handwritten it is just as binding. It sounds like you have an uneducated landlord who's house is probably paid off and keeps tenants for a long time. The lease can be binding. You definitely need a receipt for your deposit money. This lease is only slightly above the old handshake lease deal. The problems or lack thereof will depend a lot on the character of the person you are dealing with.