A rental agreement is a legally binding document that outlines the terms of a lease. Rental agreements include information about both the renter and the landlord’s responsibilities. Your property manager can help you draft a comprehensive rental agreement that will meet your needs and the needs of your tenant for a positive experience throughout the lease.
Tenant Names and Occupancy Limits
A rental agreement should contain the name of each tenant, even in the case of married couples. This ensures that every adult living in the property is legally responsible for rent and care of the premises. Additionally, you should include an occupancy clause that limits the number of individuals living in the property to the tenants and their immediate dependents. This will ensure that only individuals your property manager has screened are able to occupy your property.
Rent and Duration of Lease
The amount of required rent each month should also be included on the lease agreement. Additionally, list specifically the forms of payment that are acceptable to ensure there is no confusion. If there will be late fees or other fees associated with missed or late payments, these should be specified as well. Furthermore, the lease agreement should also include the duration of the lease, as well as any options for renewal.
You may want to include additional considerations in your rental agreement, such as a pet clause or information about civil and safety codes. This information is designed to protect you by clearly listing the restrictions to which your tenants are held, such as the number and type of pets allowed, noise limits, and changes that may be made to the property by the tenants.
Do you have a property you’d like to rent in Tucson? At Ability Realty, our property management team can help you along every step of the way, from property maintenance and advertising to rental agreement generation and move-out inspections. Please visit us online to find out more about us and our services, or give us a call at (520) 296-7143 to get started.
Nov 27, 2015 No comments yet Share