Advantages Of Having The Tenancy Agreement Provided Between The Tenant And The Landlord
When you have a property, and you are lending it out it is good that you consider having a tenancy agreement that is law abiding for your process of lending to be successful . When you are issuing the rental agreement it is good that you make sure it is law-abiding document which will allow them the one who is renting the place to live there and then the one who is lending the property the right to receive payment . A good tenancy agreement is one that does not violate the laws and its one that is up to date updated.
Issuing the tenant with the tenancy agreement is an indication of how cautious you are and how responsible you are, it shows the tenants that you are taking your role as the landlord very seriously. When you issue your tenants with the contract, it gives you the opportunity to set some clear boundaries with them of what they can do when living in the property and what they should avoid doing .
In the tenancy agreement it is well stated the dos and the don’ts of the tenants and those of the landlord hence with everyone knowing of their responsibilities, it makes everyone live in peace with each other .
In the tenant agreement you should state that in case of any damage happening in the house the landlord should be the one to handle them . when getting in an agreement it is important that you are provided with two copies where each of the party should sign and be given a copy . When you are writing the document you should make sure that it is up to date and its legally binding, it is wise that you run the document through an experienced agent or property lawyer so ensure it ticks all the boxes .
If you do not want to make your tenant agreement, you can get one from the letting agents or a rental firm which can give you a sample or template agreement . The contract is of great importance to the tenant and the landlord because in case of anything they can both give out their signed the tenancy agreement and they go through it hence they can solve the dispute . It becomes so hard for the landlords to terminate the contract nor are they allowed to change the amount of money to be paid by the tenants before the agreement comes to an end . The rental contract acts as an act of protection to the tenants since the landlords cannot do anything without first consulting the tenant as discussed in this article.