Who needs Rental Agreement?
Whether you are a real estate owner or trying to rent a house or a flat, you’ll probably find this form useful.
What is Rental Agreement Used For?
Renting may be tricky. First of all owner want’s to ensure he’ll get compensation if tenant damages rented property. Tenants in their turn want to get back security deposit in full. Both of them want to be sure they have the complete list of regulations concerning their deal. Rental agreement is concluded to this end. It includes all the main terms and conditions of the concord. Moreover this document is used for confirmation of the source of income.
Is Rental Agreement Accompanied by Other Forms?
Usually this form is not accompanied by others. However, tenant may ask owner for a copy of title deed as an attachment to this agreement.
What Information should be Provided in Rental Agreement?
While filling out Rental Agreement you should mention the following information:
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Date
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Owner’s name
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Tenant’s name
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Location
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Price
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Discount tenant will get if the monthly fee is paid on time
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Security deposit
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List of all people and pets who are allowed to live in the dwelling
There also should be listed all extras included in the rent price. This agreement includes all other terms of use. Both owner and tenant should provide their signatures on the bottom of the last page. Those signatures mean that owner with tenant agreed on all of terms and conditions in the agreement.
Where do I Send Rental Agreement?
This agreement is made in 2 copies. One copy for each party. Both owner and tenant should keep it safety to prove they’ve acted within agreement conditions.
