Is a Lease Agreement Enforceable if No Rent Payment is Made Due?

To have an enforceable contract, consideration must be exchanged by the parties; consideration usually takes the form of money, even $1.

Other things could act as consideration, too.

The ‘rent’ consideration could be something like: a promise to do something or refrain from doing it; an exchange of non-monetary property; etc.

But without some sort of valid consideration, a lease agreement would not be an enforceable agreement — so a consideration should be stated within the Lease document.

Get details here on Standard Legal’s Lease Agreement legal forms software.