A tenancy agreement is a contract that is signed between tenants and a lessor or agent when a house is rented. This agreement helps to protect the tenants and the lessor or agent from any problems that may occur. When signed, this agreement is binding for both the tenant and the lessor. By law, if the tenant does something that is in opposites with the agreement such as loud parties or not paying the rent etc, then the agent or lessor may terminate the agreement and evict the tenant. The agreement also stops the tenant or lessor from raising the rent during the term of the agreement.
A tenancy agreement is a contract that you sign, agreeing to rent the place for a period of time, you can get a lease from 3 – 12 months or as agreed. If you are a property owner and are looking for help with managing your rental properties then property management Campbelltown professionals can help you to maximise your properties and get the most out of them. A property manager can help you by taking care of lease agreements, making sure that rent is paid on time and take care of any maintenance issues that may arise on the rental premises.
For a tenant, they must read through the agreement thoroughly and make sure everything is in order, before signing the agreement. Whether you are renting to friends or family, a written agreement must be put into place. It is also important for the lessor to provide a copy of the tenancy agreement to the tenant, so make sure that you get a copy of the agreement from the landlord.
On the tenancy agreement, it states what the tenant and the lessor or agent can and cannot do, as well as the period the lease starts from and when it ends. When the lease ends, you can renegotiate with the owner about the terms of the lease. How the tenant should pay the rent and how much to pay and any special terms or agreements are also included on the lease as well as whether or not pets are allowed. Most of the time the lessor or agent will be open to discuss pets, but not all the time.
If you are unsure about anything, you can always discuss things with a property management professional who will be able to help you with your inquiries. Always make sure that a lease is signed, not only to protect the lessor or agent, but to protect yourself as well.
