A Memphis lease agreement is a legal contract detailing a landlord-tenant arrangement. It explains the amount of rent a tenant must pay and the rules they must abide by in exchange for a place to live on the landlord’s property. This document also defines the landlord’s responsibilities and lets them make any relevant disclosures to the tenant.
Memphis Lease Considerations
Memphis doesn’t have specific municipal codes. Instead, the local ordinances relating to residential landlord-tenant arrangements belong under Tennessee’s state laws, specifically Title 66, Chapter 28 (Uniform Residential Landlord and Tenant Act). However, landlords in Memphis should make the following considerations:
Memphis’s Affordable Rental Development Program helps low-to-moderate-income individuals and families access affordable, decent, and quality housing options.
Optional Lease Addendums
Here are some addendums to clarify tenants’ responsibilities and prevent liability issues for the landlord:
- Mold addendum: A mold addendum addresses how a tenant is responsible for preventing mold growth on the property. This addendum can be especially important due to the city’s humid climate.
- Crime and drug-free addendum: Memphis has one of the highest crime rates in the country and almost four times more violent crime than the state. A crime and drug-free addendum states that the tenant can’t engage in criminal or drug activity on or near the property.