New Mexico Real Estate Exam 2025 – 400 Free Practice Questions to Pass the Exam

A leasing agreement is designed to outline the terms and conditions between a landlord and a tenant, ensuring that both parties understand their rights and obligations. It typically includes a comprehensive list of responsibilities for both parties. This encompasses aspects such as payment of rent, maintenance of the property, and rules regarding the use of shared spaces.

In addition to responsibilities, the lease may include details on lease duration, the consequences of violating the terms, and procedures for resolving disputes. By clearly defining these elements, the leasing agreement helps to prevent misunderstandings and provides a framework for managing the rental relationship.

Other options, while they may be components of a leasing agreement, do not represent the full scope of what is typically included. Therefore, including the responsibilities of both the tenant and landlord is essential for ensuring clarity and mutual understanding in the leasing arrangement.