What To Look Out For In A Tenancy Agreement

The lease is a form of consumer contract and, as such, must be done in clear and understandable language. It must not contain clauses that could be “unfair.” This means, for example, that the lease does not put you or your landlord in an unfavourable position, should not allow a party to change the terms unilaterally and without good reason, or to bind you irrevocably to conditions with which you did not have time to administer yourself. An abusive clause is not valid by law and cannot be enforced. This is your lease – a legally binding contract that contains all the important details regarding your rights and obligations as a tenant. It is essential that you read all the points, understand and some before signing. Some lawyers and real estate agents provide written rental models. The local authority`s housing council may, if necessary, present standard rental contracts. Rent and who is required to do so, it is especially important to check this if you negotiated a lower monthly rent before the tenancy agreement. End of the lease Your rental agreement must indicate the amount of notification you must give to your landlord before leaving the property. You are responsible for paying the rent until the expiry of your lease (this applies to both firm and periodic contracts). The only exceptions are when you have agreed with the owner that you can leave prematurely or that you have a breach clause in your contract. If there is a very good reason to read your rental agreement correctly if you are renting a property, then make sure you understand exactly what you are being asked and when.

Does that sound obvious? Well, it`s amazing how many people end up paying fees or putting themselves in a vulnerable position to violate their lease simply because they haven`t read the document from start to finish. This is usually thanks to “tricky” clauses which, although it is not illegal, but have taken in the past many tenants. Below are some of the clauses that generally make life difficult for tenants – not all of them are standard and most are worth negotiating. While some rental prices include invoices or other benefits, with most rental contracts, you have to agree to pay (and sometimes set up) for your own bills. This may include: Your landlord can only charge you rent if he has given you his name and address – regardless of whether or not you have a written rental agreement. Even if you know how much your property will cost, there are a number of fees you have to pay before moving in. These include a holding deposit, an administrative fee and reference and credit checks. Once you are actually in the property, a fee can be charged for lease renewals, contract changes, unpaid rent and early terminations.