Facilities – Additional equipment of an apartment for rent that offers added value, z.B. balcony, washing machine/dryer, fitness center, etc. Lock-out – The act of preventing tenants from entering a rental unit by modifying locks or similar actions. Is used when tenants are late for rents. In general, this is an illegal action. If you are writing a lease, it is best to have fully negotiated the terms of the contract between the landlord and the tenant. Following an oral agreement, the parties may follow the establishment of a written agreement using a model containing the language required by the legislation in force in the state in which the property is established. A rental agreement allows a tenant to occupy the space in exchange for paying the rent to the landlord. Before approving a rental agreement, the landlord can apply for the tenant`s credit and basic information to ensure that he can pay the rent.
In addition, the landlord may require a security deposit that usually corresponds to one (1) or two (2) months` rent if the tenant does not meet its obligations under the contract. Payment is usually due on the first (1st) of the month with late fees or eviction procedures that can begin if the tenant arrives too late. Severability – This paragraph is included in a lease agreement to state that if an individual provision is not valid, none of the other provisions of the contract are repealed. If you decide if a lease or rent is best for you, remember that a lease offers more security, but a lease offers more flexibility. If there is a smoking policy, it must be mentioned in the agreement. If it is not indicated that the act is prohibited, the tenant may have the right to smoke. In California, for example, it is necessary for each lease to mention what the policy is on the site. Pet Bond and Fees – An amount that is damaged by the deposit held by the owner in case a house animal lives on the site. Some owners may also add a monthly fee so that the tenant can ensure the right to let a pet reside in the rental unit. An active rental agreement in which you list as a tenant may be considered “proof of residence” if it is submitted to certain institutions. Thus, different countries have different quotas for the time you must have within the limits of the state to be considered an official resident (usually about six (6) months per year). The duration of a lease is identified as one of the requirements of the contract.
A lease agreement can be established for a monthly lease, six months, a year or more. Leases should not be fixed at the same time.