10 Terms To Include In Your Rental Agreement
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10 Terms to Include in Your Rental Agreement
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Belle Wong, J.D.
Contents
If you're a property owner and have residential or commercial property to rent, it is necessary to have a written rental agreement. If you and your occupant ever have a legal dispute, your possibilities of a beneficial outcome enhance if you have a composed arrangement.
Your rental contract, however, should include some fundamental rental terms.
What Is a Rental Agreement?
A rental agreement is a document that serves as a contract between you and your occupant, defining the terms of the occupancy. You can have it written in a way that is favorable to you since you can decide what goes into the contract.
Most rental agreements are short-term arrangements, such as month-to-month tenancies, while lease contracts are normally for longer leasing periods, such as six months, a year, or more.
A rental arrangement is a great idea if you desire to make certain your renter is trusted or if you're leasing a space in a home in which you're living. It's much easier to terminate a month-to-month occupancy than a long lease.
How to write a rental agreement
A month-to-month rental agreement needs to consist of specific arrangements so that the agreement safeguards you. It's often helpful to have a lawyer prepare a rental arrangement for you, even if it's simply a one-page document, specifically if you're a newbie proprietor.
Numerous arrangements can be consisted of, but a fundamental rental arrangement should consist of a minimum of the following 10 terms:
Identify the celebrations to the arrangement and the address of the residential or commercial property you own. Ensure you include the name of every tenant living at the residential or commercial property and their contact info. Include your name and contact information and the address of the residential or commercial property. Describe the residential or commercial property if it does not have a number. For instance, if it's a space in a home, you can state that the residential or commercial property is the "third-floor bed room" if there's only one bed room on that floor. Be exact.
The regard to the occupancy and how it ends. List how long the term is, such as a month-to-month rental or a three-month rental. Start the rental term on the very first of the month. Include just how much notice you and the renter must offer if either of you wants to end the contract. Consult an attorney or your regional structure department about specific laws governing how much notice of termination you and the occupant should provide for short-term or month-to-month contracts.
Rent and security deposit. State just how much the rent is monthly and where and how the occupant must pay the lease. If you'll take credit cards over the phone, state that. If you desire the renter to send a rent check every month, offer the address. Include the amount of any late charges, however ensure they're not extreme. Also, list the amount of the security deposit. Consult your local structure department about limits on how much you can gather for a down payment and late fees.
What's included with the rental. State whether you're providing any utilities, such as electrical, gas, heat, and cable television. Alternatively, state the tenant's responsibility for utilities. Be clear about what's included in the rent and what isn't. If you're providing home appliances and furnishings, list them by name, such as a dishwashing machine, stove, refrigerator, bed, and couch.
Pets. State whether family pets are permitted, what types, the number of, and what, if any, additional charges use. State plainly that the tenant can not bring any other kind of pet if you desire to limit the type of animal. You can also select to have a no-pet policy. State that in the rental arrangement.
Each occupant's name and the variety of residents. If you do not want extra occupants, state that the occupant is the only person permitted to occupy the premises. List all residents and state, for instance, that no more than 2 people may inhabit the rental. State that this agreement is between you and your renter just which the occupant may not sublease or designate the leasing.
Landlord's access to the residential or commercial property for repairs, upkeep, and examination. State what notice you'll provide to enter the properties for repairs besides emergency situation repairs. Many regional communities have their own notice requirements, while some states have constant requirements throughout the state, so discuss this with your attorney or local building department. State that the tenant's failure to give you access for needed repair work is a ground for termination. Also, state what the occupant is accountable for fixing.
Rules of the tenancy. List what you expect of the tenant, such as no prohibited activities, no smoking cigarettes on the properties, and no noise after a particular hour. State that you can end the arrangement if the tenant fails to abide by the occupancy guidelines which the renter is accountable for legal fees if you have to take the renter to court to implement the arrangement.
Damaged residential or commercial property. State that the occupant is accountable for damages other than routine wear and tear. Include that the tenant must return the facilities in "broom-clean" condition. State that the tenant is responsible for legal charges if you take the renter to court for damaged residential or commercial property.
Signatures. You and the tenant must sign and date the arrangement at the bottom.
So long as you have these terms in your rental arrangement, you're protecting yourself in case your tenant is someone you no longer wish to rent to. The rental agreement provides an easy method for you to get them to leave and reveals what they're responsible for if they don't leave voluntarily.
This post is for informational purposes. This material is illegal advice, it is the expression of the author and has actually not been evaluated by LegalZoom for precision or modifications in the law.
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