Contents of a rental agreement
Common contents of a rental agreement include:
- Names of the landlord and tenant and/or their agents.
- Descripttion of the property.
- Amount of rent and due dates for payment, grace period, late charges.
- Mode of rent payment.
- Methods to terminate the agreement prior to the expiration date and charges if any.
- Amount of security deposit and the account where it is held.
- Utilities furnished by the landlord and, if the landlord charges for such utilities, how the charge will be determined.
- Facilities in the premises which the tenant is entitled to use such as swimming pool, security systems etc.
- Rules and regulations such as pet rules, noise rules and the penalty for violation.
- Identification of parking available, including designated parking spaces, if provided.
- How tenant repair requests are handled and procedures for emergency requests.
