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5 Things that must be included in Rental agreement

5 Things that must be included in Rental agreement

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What Should Be Included In A Rental Document?

1. Details of parties involved
This one is a no brainier, but it’s hard to avoid. While everyone knows that it is vital to include names of all tenants and the name of the owner himself, not many are aware of the implications that follow when it is not done properly. Spellings, precise details of address, related information play a vital role.

2. Rent, deposit and maintenance
A good rental deed will require that the monthly rent, deposit to be paid in advance and maintenance charges (if any) to be clearly stated in fine print. You also need to make sure that you write down that the owner cannot just abruptly change the monthly rent during the duration of the lease. It will also be helpful if you got it in writing that the owner will return the deposit amount to you as and when the tenant vacates. What if the owner tells you that he won’t return your money because there is no written document saying that he should give the deposit back to you? You shall find yourself in a very frustrating situation then.

3. Right to entry
Write down, word by word, the conditions under which the owner can barge into the tenant’s space. Clauses like “the owner can visit the said premises as and when he sees fit” are dangerous. You will not be able to do anything if he comes into your home in the middle of the night. Hence, the need for clarity on this.

4. Pets, flora, fauna and all things living
Some like pets while some others dislike the very idea of having an animal within their abode. Agreements are to clearly mention whether pets are allowed. And if they are allowed, what kind can they be and the maximum number possible. Some owners are okay with pets that can be contained to a particular area like fishes, birds or even turtles. Some owners are totally fine about bigger and messier ones like canines, felines and get this, reptiles.

5. Illegal and disruptive behaviour
This one is for the protection of the owner mostly. Should either party indulge in scary and downright illegal/immoral behaviour, the contract should mention what actions will be undertaken against such behaviour. A possible way to avoid this it to clearly mention what kinds of behaviour should be avoided and what the repercussions would be.

There are five of the most essential things in a rental deed. Would be best if you add a clause stating that addition or removal of clauses can happen only with the consent of all parties involved.

 

Source : Legaldesk.com

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