Promise To Lease Agreement

The brokerage agency or agent must provide, in its transaction log, written proof that the payment of money from the trust account for the purpose of indemnification or transfer to the lessor was made in accordance with the promise of leasing. You are entitled to a signed copy of your lease, but many landlords fail (and even refuse) to return copies of the signed lease to the tenant. Insist on that. It`s your right. When establishing a promise of leasing, it is customary for an amount to be paid by the potential tenant in the form of a deposit on the rent. 30. Oral or oral evidence (as opposed to written documents) is permitted to determine the terms of a lease after authorization. Walker Ice Co. v. American Steel &Wire Co., 185 Mass. 463, 473 (1904). This is an exception to the so-called parol proof rule.

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