|
Leasing a house is a bit more than just locating a tenant and then collecting the rent. There must be a solid lease agreement that is agreed to by each party. Inability to create a lease can make it harder for a landlord to go after loss against a tenant, or for a tenant to go after their rights against a property owner. With that in mind, what has to be contained in a lease agreement template? Name And Contact Information Of All Renters As a property owner, you have to know who is leasing your property and ways to contact them. Should there be an issue with the premises, or a tenant fails to pay rent, you need to ensure you can get in contact with that renter. If anything would happen, and there is no communication, it could possibly lead to issues in the future for both sides. Lease Terms Is this monthly tenancy, or perhaps is there a lease period involved? For a monthly tenancy, the tenant or landlord holds the legal right to terminate the arrangement with 1-months notice. Many leases will certainly work for a set length of time, commonly 12 months. Being aware of this in advance will eliminate confusion and clarify the responsibility of each party. Rental Amount And Penalties For Failure To Pay There must be an itemized rent statement inside the lease contract template. Rental sums monthly, and the total for the whole year need to be included. If any down payment is needed, the amount of money paid should also be reflected on the lease agreement. This will guarantee that both sides know how much is to be paid and what exactly the conditions are for failure to pay rent. Right To Enter Property A landlord has the legal right to enter a home with 24 hours notice given to tenant. Make certain this is mentioned on the lease agreement template so that your tenant cannot claim you breached his right to privacy. Legal Requirements Make certain that both sides sign the lease and that both parties are qualified to sign the lease. Often a lease is just signed by anyone over the age of 18 as minors cannot be held to any kind of contract. If the lease isn't signed by each of the renters, it cannot be enforced in the court should something happen. Your obligations as a landlord exceed just making sure your house is occupied and that you are getting paid. As being a property owner, you need to explain what rights you have to your property and also what your goals are of your tenant, it doesn't matter what type of lease contract you've got. Many tenants are responsible and definitely will pay for the rent, but if not, you should ensure you get some alternative available to you.
Related Articles -
lease agreement template, rental agreement template, lease agreement, rental agreement, landlord, leasing, renting, real estate,
| 
