The rental agreement is a contract between the tenant and the landlord. Through this contract, the owner gives proper rights to the tenant to accommodate residential premises. The rental agreement is either verbal or written form. However, the rental agreement plays an essential role in maintaining a good relationship between the landlord and tenant, so it should be in written form. The critical advantage of the written agreement is, it defines all the terms and conditions of before and after accommodation of the tenant agreed by both the parties. Once the tenant and the landlord agrees and signs the contract, it cannot be changed again unless both landlord and tenant agree.
The landlord must provide the tenant with some necessary information such as the name and address of the landlord with the telephone number. Name and phone number of the person who is responsible for the residential premises. The landlord has complete rights to ask about the names of the people who are accommodating the premises. The rental agreement is done for a fixed period, such as month to month period or year to year period. The rental agreement is signed for eleven months after accommodation. Terms and conditions bind both tenant and landlord until the end of eleven months or to the fixed period according to the agreement. The tenant should get the copy of rental agreement once the deal is signed or within 21 days after signing.
In the agreement, it should be specified about the services and the equipment that is included in the rent. According to the agreement, the tenant must pay the rent on the first day of the month. Even the tenant can pay the rent on a different date if both the parties agree. If the rent is not paid by the tenant properly on time, the landlord can serve the notice of termination to the tenant on the following day. The landlord is not responsible for any of the damages to the personal property of the tenant. If the tenant wishes for compensation for the losses or damages to their personal belongings, the tenant must obtain the tenant insurance.