Get It in Writing: A Letter of Understanding

Some landlords don’t want to bother with a written lease or rental agreement. Others provide a rental document that is unclear on key issues such as the circumstances under which the landlord may enter the rental unit. And some won’t want to take the time to add clauses or promises that the two of you have negotiated—such as the landlord's promise to paint the kitchen or give you the next available parking spot. In any case, you don’t have to settle for the hope that the two of you will remember precisely what agreement you made. There’s a way to nail down an oral understanding that lawyers use all the time. It’s called a “letter of understanding.” â

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