A tenancy agreement is a contract between the owner and the person leasing the property. It is written or verbal. This contract covers payment of rent, length of lease or tenancy. The terms may include rules and regulations that must be followed by both parties.
If you are renting a flat, condo or house, you and your landlord have rights and duties towards each other. Often these rights and duties are set out in your tenancy agreement or lease. Your tenancy agreement sets out the rules for renting a place to live in. It can also explain how some of these rules may be changed by both you and your landlord.
What Makes Up A Tenancy Agreement?
Your tenancy agreement should outline the rights and responsibilities of both tenants and landlords in a tenancy, called implied terms. These include your right to a safe, secure home. As a tenant, you need to know about your rights – the implied terms that govern your relationship with your landlord and the duties you have as a tenant.
Possible Causes For Your Tenancy Agreement
A written tenancy agreement sets out the terms and conditions for people renting somewhere to live. It typically includes:
- The landlord’s name and address
- The name and address of the letting agent
- The date your tenancy begins
- Whether tenants can have pets on the property or not
- How and when rent is to be paid
- Whether your landlord will provide any services
- The agreement will also include details of your landlord’s property repair responsibilities and how to make a claim for repairs yourself.
- Landlords should tell you what notice is needed to end your tenancy
- If you’re on a fixed-term tenancy, the period of notice given to you should equal the length of the tenancy agreement for that particular property.
The landlord’s responsibilities
Within the tenancy agreement then there should be a section that outlines the responsibilities of the landlord, such as what they need to provide when you rent their property and their duties when it comes to repairs and building works.
There are several clauses you might want to include in your tenancy agreement when it comes to new tenants. The ones in this article are a great starting point, and from there, you’re on the way to crafting your perfect tenancy agreement.