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Landlord Lease

Although usually, a landlord lease is a written document, it may also be a verbal agreement between the landlord and tenant. The landlord lease may be for a yearly or monthly or even weekly period of time. Whatever the conditions of the landlord lease are, as a future occupant, you must guarantee that it contains the necessary information. The following issues must be settled to by both the landlord and the tenant and must appear in the landlord lease.

•  A description and address of the rental unit.

  • Whether the landlord lease is twelve-monthly or monthly or weekly.

  • The sum of money to be paid as rent and the date of its payment.

  • How and where rent is to be paid.

  • Fines or late payment charges for not paying rent on time.

  • The residents of the rental unit.

  • What appliances are provided by the owner along with the property and the condition of these appliances (e.g., whether they are in working condition or in need of repair.)

  • The amount of security or other deposit to be paid and the terms of a refund once the lease has expired.

  • Who will pay for the utilities.

  • What repairs the landlord should do, and what the tenant has to do on his own expense.

  • If pets are allowed, then the amount of pet deposit to be paid.

The landlord lease is enforceable only after it has been signed by both the involved parties. It is very important that the tenant reads it carefully and makes the necessary changes to it to avoid disputes later on. The landlord lease is a legal document and both the landlord and the tenant have to obey it.

 

 

 

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