Tenant Lease

Either a written agreement or a verbal one validates as a Tenant Lease. The term of Tenant Lease can be weekly, monthly or yearly. Whether the Tenant Lease is annual or not, the Tenant Lease must include the following particulars. All these issues must be determined by both the landlord and the tenant.

• The full address and the place of the premises being let out.
• The duration of tenancy.
• The rental payment and the date of payment.
• The place and manner in which the rent has to be paid.
• Fines or charges against deferred payment of rent.
• The limit on the number of people residing in the rental unit.
• What furniture and fittings are provided along with the property and the condition of the domestic equipments provided.
• The amount of security deposit that the landlord has to pay and when it will be paid back.
• The tenant has to bear the cost of all the utilities that he makes use of.
• The damages made to the property have to be repaired by the tenant.
• Whether or not pets are permitted, and if they are, then the amount of pet deposit to be paid.

Once the Tenant Lease contains the signature of both the landlord and the tenant, it becomes an obligatory contract and can be enforced in a court of law. Thus it is critical that the tenant goes through it carefully and gets necessary modifications made to the lease, so that there is no misinterpretation of the details later on. The Tenant Lease is an authorized document and both the landlord and the tenant have to obey its rules.