Why a tenancy agreement is vitally important

Renting a property can be a complicated process. Not only do you have to find a place that suits your needs and budget, but also that has safe and healthy conditions so that it is habitable and does not cause you any problems in the future.

A lease is crucial to establish the terms the tenant and landlord will follow during the rental period.

Reasons why a tenant agreement is crucial

Having a lease will help you avoid misunderstandings and ensure that your rights are respected. Here are some of the reasons why these types of agreements are essential.

1. Information about the parties involved. This is the first important part. The contract will mention who will be the person that will be renting and occupying the property (in addition to other people if applicable). It will also include who must be responsible for the maintenance. This information is essential to know who to notify in case of repairs or damage.

2. Description of the property. In this part of the contract, a description of the conditions in which the property to rent is delivered must be made. This information is of great importance since at the end of the lease, and in case you want to vacate, you will be able to have proof that you leave the property as it was delivered to you. With this, you will have a greater probability of recovering your deposit.

3. Type of contract. There are different types of tenant agreements, starting with whether this is a contract for an indefinite period or not. There are also contracts that allow you to rent part of the property in turn; joint contracts in case you rent the property together with another person; and business contracts. It is important to consult with a lawyer about the type of contract that best suits your needs.

4. Deposit. Generally, the person who rents a property has to give one month’s rent in advance as a security deposit. The lease should state the amount of the deposit to be paid and what will happen to that deposit once the lease date expires. Generally, you can get your deposit back at the end of the contract, as long as you deliver the property in good condition.

Call us if you need help.

If you have any questions about what your lease should include, please contact us. We will advise you so that you can rent a property and have peace of mind.

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