Rental lease agreements are basically designed to cater to the interests of the landlord and the tenant equally. The idea is to ensure that both parties are uniformly benefited from the deal and under no circumstances should one party try and take undue advantage of the other. In order to adhere to this noble and beneficial principle, it is imperative that landlords take necessary initiative to create nothing less than a good rental lease agreement that lives up to the expectations of all. Please visit this website for more info about free rental contract.
For first time landlords, here are a few core attributes that must be included in the contract in order to qualify it as good.
Complete description of the property – This includes everything from the gross area the property covers, complete description of interior spaces, the exteriors, name of the building, year it was constructed, grading in terms of national standards, address and more.
Comprehensive explanation on usage of the premises – Good rental lease agreement should contain clear details about the intended use of the property. For example, if you don’t want the tenants to drill holes in the wall to hang wall decorative pieces, it should be specified specifically in the contract.
Agreeable rent amount – Rent should always be in tune with the nature and size of the property along with the facilities and associated advantages that come with the same. Rent should never be decided randomly as this can lead to legal tussles.
Tenant friendly non invasive approach – Always create contracts that are tenant friendly. Always ensure that tenants have unrestricted right to use the property without unnecessary interference from landlords in any way. All thanks to customizable free printable basic rental agreement forms that are available through top online legal platforms, you can create unique agreements that cater to interests of both parties while respecting legalities.
Adequate elements for protection of landlord rights – Lastly, all good rental lease agreements contain comprehensive elements dedicated to protection of landlord rights. This is mostly includes landlords’ right to action following rent evasion, conducting illegal activities in the premises etc.
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