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What is a House Rental Agreement?
A house rental agreement is a written document that tenants need to sign before they could live in a house that they would want to rent. It is an agreement between the tenant and the landlord about all the things that they have to follow about the rental of a particular property. This contract may last for a certain number of months or even a year. Some may not have a particular timeframe but mostly have a renewal yearly. There is a short term rental agreement and long term rental agreement. The contract is drafted by the landlord. It was their assurance that they would be paid with the rent and their property will be taken care of. They cannot rely on verbal agreement in these times. There are a lot of fake people these days that would just run away with their rents. But if they have a contract, they could have something to hold against their tenants. A house rental contract can be in free rental agreement forms or templates or the landlord can simply make one for their property in a Word file. It is usually a one page document containing the terms about the lease or rent. This may be in the form of a letter or can have some short clauses. Home rental nowadays has become formal that you cannot rent without a property rent agreement.
Tips on House Rental Agreement
As many people do renting these days, tips on house rental property should be considered. There are common tips that we can find on the internet. Some of these are:
How to Write a House Rental Agreement
If you are a new landlord, you must be faced with the difficulty of creating a contract for your tenant. You can try these steps on writing a house rental agreement:
Step 1: Identify the parties that are going to sign the agreement.
Include the name of the renter that is going to live in the property. Add their contact information. Then mention your name and put the address of the property that they will be renting. You can put whether the house is an apartment or bungalow, or whether it was one-storey or two-storey. Do not forget the number of the house. Be accurate in identifying these things.
Step 2: Put the duration of the tenancy.
Check with a lawyer about the terms of short rental agreement and long term rental agreement. Know the rules about the termination of the agreement. You may want your property to be rented for three months or a year. You should put that in the agreement. If you do not trust the tenant yet, you may consider having it rented for only three months, more or less. But if you are decided on a tenant because you find him good, you can make a rental for your property for a year. Then just renew it every year.
Step 3: State your rent price and security deposit.
The rent price must be clearly stated in the contract. It is the amount that they are going to pay every month. This price must be a fair price. There is also a security deposit that a tenant should give at the beginning of his tenancy. This security deposit would be the advance payment if ever tenants would come to pass on their rent.
Step 4: State all the things that can be included in the agreement.
Certain things like electricity, water, cable, gas, and other utilities can sometimes be included with the rent price. There are landlords who give this kind of package especially in some apartments. You must fairly include it in the agreement if you can add those things. If tenants would have to pay you for the electricity and water, you must clearly state it in the agreement so at the end of the month, they will pay it together with the pay for the rent.
Step 5: Give rules about pets and damaged property.
Some landlords would not want pets to be brought to their property. They simply just cannot take it because they think that pets could ruin their property. If tenants have pets, they must tell their landlord about it. And about damaged property, you must clearly state which of you will be going to pay for its repair. It happens sometimes so you better agree about it.
Step 6: Have a place for your signatures.
The house rental agreement should be properly signed. Above your printed names, the landlord and the tenant should put their signatures. This will make the agreement formal. This way, you can bring the case to court if ever a dispute happens someday.
Can I Restrict the Landlord From Raising My Rent?
No, you cannot restrict landlords from raising your rent. It is their right to increase the rent price anytime that they want. Actually, rent control is illegal. Landlords can do everything about their property. It is legal for them to raise your rent.
Do I Need to Have a Copy of the House Rental Agreement?
In most cases, the landlord is the only one who has the copy of the house rental agreement. But if you want a copy, you can tell your landlord about it. Request a copy and they might give it to you. Sometimes it is good to have your own copy so you can refer to it in the future.
Are you a tenant? You must be sure that you are renting a property that has a house rental agreement. You can avoid the chance of forced eviction if you will have a contract. And if you are a landlord, it is better to secure a house rental agreement to protect your rights for your property. This kind of contract benefits both the landlord and the tenant.