There are several things every one should know regarding the leasing of rented property, and the following information will be of value in placing them in position to enter into such a contract more intelligently :

"Leases" arc written or oral agreements, or contracts, for the letting or holding of property for a time, for a consideration called "rent."

The "landlord"' is the one who leases the property to any other person called a "tenant" for a duration of "time," showing when the lease begins and when it ends. A lease gives no title to a piece of property, but gives the renter as much right as though he had full title to the property as long as his lease exists, or until it expires.

If there is no clause to prohibit it, a lease may be transferred to another party, although such a clause is usually embodied in the lease, which also gives the landlord a better chance to decide whether he desires his tenants or not.

The lease should cover in detail the parties interested, the consideration, and the property to be leased, and all conditions as to who is to pay the water, heat and light rent, and any other special clauses, such as the subletting of property, showing of the property, and posting "to rent" signs, etc. If the tenant fails to pay rent or violates any part as set forth in the lease, the lease becomes void and the landlord has full right to get possession of the property.

Every lease should be made in duplicate, and all parties concerned have a copy, which binds the landlord as well as the tenant, providing clauses were inserted for the upkeep or repairing of the property in any way.

Property must be vacated by a tenant in as good shape as when leased, or he is liable for the damages; however, an allowance must be made for the wear and tear.

A tenant has a right to remove anything he has added to a house, providing he can do so without injury to the property.

If a landlord agrees to make improvements and fails to do so, the tenant, after making a demand for the carrying out of the agreement, may pay for the work and deduct it from the rent.

If the landlord desires the possession of a leased property at time of the expiration of the lease, he must give notice in writing, signed by himself or his lawful agent, and have it presented to the tenant at such time as the statute laws of that state require.

If a lease is in force, it does not require re-signing each year to make it valid, unless there is a specified agreement to the effect that it must be signed yearly.