As a property owner, you should have an agreement between you and your tenant agreeing on o the terms of their stay. Your tenants should sign the rental agreement before you rent them the property. At some point you’ll have a tenant who turns out to be a headache and therefore having agreed beforehand on terms of his stay will help you in dealing with them. Not only is the landlord protected but the tenant as well. Having a contract between the two of you is a good gesture that shows you’ll meet the terms of your agreement. So that your lease agreement is feasible, some basic thing need to be included. You can find a lease agreement on the internet but you need to ensure it contains all the necessary basis. Your lease agreement should include the following basic terms.
Parties of the agreement must be included. The people who the agreement is between must be stated I the lease agreement. The landlord and tenant are the parties in a rental lease agreement. The names of the tenant and the landlord or the agent must be included in the agreement. The document should clearly state that the person renting the property is henceforth referred to as the tenant and the one renting it is the landlord, this ensures that the terms in the contract apply to them. Terms of the agreement between the tenant and landlord are therefore applicable as it’s clearly stated who is the tenant and who is the landlord. The location of the property also needs to be included in the rental lease agreement. Include the hose number and the name of the building, if it has one, on the lease. Name of the street, postal code and state are also vital in identifying where the property is located.
The lease term must also be included. The period of the lease is the lease term. Long terms are a year long. A month to month lease agreement is also possible. Ensure that you include the period through which the lease agreement is valid. This is done by stating the date when the lease starts and when the date when it ends. The dates are what should be included rather than specifying how long the lease is valid. Ensure that your lease agreement ends in a seasonable period. This ensures you get a tenant quickly. What the tenant has to pay should be included. The amount that the tenant should pay every month is given by dividing the lease into monthly allotments.
The contract thereafter should be made binding. The agreement is worthless if it’s not signed the tenant and the landlord. This terms will help you establish a good relationship between you and your tenant.