Tenant Agreement helps to prevent disagreements between landlords and tenants. It's always better if the tenant has a written agreement. It helps because the rights and responsibilities of both tenants and landlords are spelt out in the document. Both the tenant and the landlord must carefully read out the document before signing it.
The terms and conditions must be clearly spelt out in the Tenant Agreement. It must specify the date on which rent has to be paid, the security deposit amount and the lease period. It's also better to specify the rules regarding pets, tenant behavior and responsibilities.
The landlord must maintain the common area. He must maintain fixtures and appliances. He must get timely repair work done. The landlord must not abuse his right to visit the rental unit. All these rules and regulations must be contained in the Tenant Agreement.
Details like the name of the tenant and the landlord, their addresses and also the description of the property must be contained in the agreement. It must also contain details regarding the rental period, the date of commencement of the Tenant Agreement and charges for late payment. A tenant can rest assured that he or she has full rights to the rental unit and need not fear eviction or sudden seizure. A landlord can similarly feel safe and secure that his property will not be misused or damaged.
Although a Tenant Agreement does not always guarantee smooth sailing for the tenant and the landlord, it at least ensures that disputes are minimized. |