Tenancy agreements are legally binding contracts that outline the terms and conditions of a lease between a landlord and tenant. As a tenant, it is important to pay close attention to the details of the agreement before signing. Here are ten key points you should consider when reviewing your tenancy agreement:
1. Names and addresses: Make sure your name and the landlord`s name are spelled correctly and that the correct address is listed.
2. Rent: Ensure that the amount of rent, when it is due, and how it is to be paid are clearly stated. Also, check if there are any penalties for late payment.
3. Security deposit: Know how much you are required to pay, when it is due, and the terms of receiving it back at the end of the lease.
4. Length of lease: Determine when the lease begins and ends and the terms for renewal.
5. Occupancy: Make sure the agreement clearly states whether you can have roommates or sublet the property.
6. Maintenance and repairs: Understand if you or the landlord is responsible for repairs and maintenance, and how to report issues.
7. Utilities: Be aware of which utilities are included in the rent and which you are responsible for.
8. Notice of entry: Know when the landlord can enter your rental unit and under what circumstances.
9. Termination: Understand the circumstances under which either you or the landlord can terminate the lease agreement.
10. Pet policy: If you have a pet, ensure that the agreement allows pets, and any restrictions or fees involved.
By paying close attention to these tenancy agreement points, you can ensure that you fully understand your obligations and rights as a tenant, and avoid potential disputes with your landlord.