About Landlord Renters Agreements

Landlord renter agreements are important documents that must be agreed to by the renter and the landlord when a property is leased. Many new renters are not aware of what should be included in these agreements and disputes arise based on information that was not covered in the agreement. A well written landlord renters agreement will address all issues that both parties feel could arise regrading the rental of a property.

  1. Significance

    • The rental agreement between a landlord and a renter is a contract and contains policies and procedures that must be followed. The landlord renters agreement protects both the renter and the landlord from the other party. If there is a disagreement at any time regarding the renting of an apartment, home, or commercial property, what is written in the landlord renters agreement will be used as the guide to determine the solution to the disagreement.

    Function

    • The landlord renters agreement gives both the landlord and the renter an opportunity to define each other's rights in the agreement itself. These rights will address issues such as the amount of rent that is to be paid, the ability to have pets in the property, security deposits and how they are handled, the length of the lease, and any other situations the renter and the landlord agree to include in their agreement.

    Features

    • Landlord renters agreements will be in writing and require signatures from both the landlord or his representative and the renter. Both parties will receive copies of the landlord renters agreement for their records to refer to if there is a dispute. The landlord renters agreement can be used in a court of law as evidence of an agreement if there is a dispute between the landlord and renter. Changes to the landlord renters agreement may be made in writing, signed by both parties and attached to the original agreement.

    Considerations

    • The landlord and the renter should attempt to include any issues in the landlord renters agreement that they feel could result in a conflict or disagreement down the road. This should include information such as when the rent is due, if there will be a grace period and what the late fee will be when the rent is paid laid. The agreement should also include details such as the amount of the security deposit, when the security deposit is due, what it can be used for by the landlord when the renter moves out, and when any balance left from the security deposit should be paid to the renter. Other areas of concern that the landlord and renter should include in the agreement include the amount of parking spaces permitted to the renter, policies on overnight guests at the renter's unit and any community policies on safety, noise, or environmental concerns.

    Warning

    • Avoid making agreements orally that are not already covered in the landlord renters agreement as there could be a conflict between what is written and what the oral agreement is. The written agreement will be signed and will be referred to if there is a dispute. If a lawsuit arises over an oral agreement, there will be no evidence other than the landlord and the renter's words as to what was agreed upon. If a change needs to be made, get it in writing and added to the landlord renters agreement as an addendum.

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