They differ mainly in the length of the tenancy. Rental agreements usually run from month to month and self-renew unless terminated by the landlord or tenant. Leases, on the other hand, typically last a year. When the rent payment is due and what grace period exists for rent payment, if any. Rent is typically due the first of the month.
Some leases stipulate how it can be paid, whether in person or by mail.
Breaking the lease. The use and return of security deposits is perhaps the No. 1 source of friction between landlords and tenants. Make sure these policies are defined up-front. Florida law requires the landlord to notify you within 30 days which Florida bank holds your deposit and whether interest is being earned on the deposit. How general repairs will be handled.