Learn the essential do's and don'ts when drafting a rental agreement to ensure a legally binding and fair contract for both landlord and tenant.
Important Clauses to Consider When Drafting a Rental Agreement
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- Tenancy period- Date of rent payments- Lease's expiration date- Allowances for maintenance and repairs
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- Provision for SecurityDeposit- Mentioned the Lock inPeriod- Check Previous utility bill
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Landlords typically keep away of signing 12-month rental agreements because the Rental Control Act, which requires document registration and carries hefty fees, takes effect after that.
Why do rental agreements usually 11 months?
A rental agreement should clearly outline the rights and responsibilities of both landlord and tenant. Consult with a legal professional to ensure all necessary terms are included