Why is it important for a lease to be signed and accepted?

A signed and accepted lease is crucial because it establishes a legally binding contract between the landlord and the tenant. This means that both parties have agreed to the terms outlined in the lease, which may include the rent amount, duration of the tenancy, and obligations of both the landlord and tenant. In the event of a dispute, having a signed lease provides clear evidence of the agreed-upon terms and conditions, which a court can enforce. This enforceability is vital in protecting the rights of both parties should issues arise, such as failure to pay rent or unauthorized alterations to the property.

While maintaining records for tax purposes, complying with local laws, and preventing landlord disputes are all important aspects of property management, they don't directly address the fundamental legal framework that a signed lease provides. The enforceability in court is what ultimately secures the rights and assumptions of both the landlord and tenant under the law.