Mistakenly, I assumed that the SHRM-SCP would be the same. I didnât study as I had just taught the prep class for the PHR and SPHR. I figured if I didnât know the material, I shouldnât pass anyway! So, I registered to take the exam for free as an instructor for a SHRM Educational Partner (a local college).
Prudent landlords usually keep old leases for six or seven years. Legal obligations associated with the landlord-tenant relationship don't automatically end when the lease agreement ends.
Whatâs the Difference Between a Rental Agreement and a Lease for a Rental Property? When you rent out a property, you will need to decide if you wish to offer your tenants a lease or a rental agreement. Although these terms are often used interchangeably, they are not the same. A lease has a set term, such as six months or a year, during which the tenant agrees to rent the property. During that time (also known as the duration of the lease), the tenant and the landlord must adhere to the agreement. For example, tenants agree to make monthly rent payments and follow any code of conduct or other stipulations in the lease.