A parol lease contract is a type of lease agreement that is not in writing. This means that the terms of the lease are agreed upon verbally between the landlord and tenant. In some cases, the terms may also be implied through the actions or conduct of the parties involved.

While it is legal to have a verbal lease agreement, it is generally not recommended as it can be difficult to enforce the terms of the agreement in court. This is because there is no written documentation to refer to and both parties may have different recollections of the terms of the lease.

In most states, a lease agreement for a term of one year or more must be in writing in order to be enforceable. However, shorter-term leases may be allowed to be verbal. It is important to check with your local laws to see what requirements may apply to your situation.

If you choose to have a parol lease contract, it is important to clearly communicate the terms of the agreement with the other party. This can include details such as the rental amount, payment schedule, length of the lease, and any other relevant provisions.

It is also recommended to keep a record of any payments and communications related to the lease. This can help to provide evidence of the terms of the agreement in case of any disputes that may arise.

In conclusion, a parol lease contract is a verbal lease agreement that is not in writing. While it may be allowed in some cases, it is generally not recommended as it can be difficult to enforce the terms of the agreement. If you do choose to have a verbal lease agreement, it is important to clearly communicate the terms and keep a record of any related payments and communications.