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Tenant Lease

The written or verbal contract that sets up a landlord tenant relationship is called a Tenant Lease. The term of a Tenant Lease can be weekly, monthly or yearly. Irrespective of the length of the Tenant Lease, it must consist of the following particulars. All these topics must be dealt with by both the landlord and the tenant.

  • The address and the location of the premises being put on rent.

  • The tenure of the rental contract.

  • The rental payment and the date of payment.

  • How and where rent has to be paid.

  • Charges for paying rent late.

  • The maximum number of people who are permitted to live on the premises.

  • What fittings and fixtures are provided with the property and the condition of the electrical equipments provided.

  • The amount of security deposit that the landlord has to return and the time by which it shall be done.

  • The costs for all amenities have to be paid by the tenant.

  • The damages made to the property have to be compensated by the tenant.

  • Whether or not pets are permitted, and if they are, then the amount of pet deposit to be paid.

Once the Tenant Lease contains the signature of both the landlord and the tenant, it becomes a legal contract and can be enforceable by law. Thus it is important that the tenant gives it a good reading and gets required changes made to the lease, so that there is no confusion about the details during the tenancy period. The Tenant Lease is an official document and both the landlord and the tenant have to abide by it.

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