The tenancy agreement template is a kind of tenancy agreement form where the landlord and the tenant agrees on a contract. The template is expected to record everything that the tenant and the landlord have agreed about the tenancy. It is important to note that every tenancy agreement must be written and a copy given to the tenant before the tenancy begins. There are a lot of tenancy agreement templates that can be used by the landlord and tenant. These templates can be downloaded freely online and edited to suit your own situation. The most important thing is to ensure that the most important contents are captured in any tenancy agreement template.
What Does it Use for?
Tenancy agreement is used to create an understanding that would be legally binding between the landlord and the tenant. This is done to prevent unwanted issues that may arise in the process. It is used to capture the kind of tenancy being offered, the time the rent should be paid, who has the obligation to repair and decorate the property, the conditions for ending the lease and many other important factors. In some cases, the tenancy agreement could also capture the issue of subletting any part of the building and other things like keeping pet and keeping gardens. The tenancy agreement template is comprehensive enough for landlords and tenants to use for their transaction
The following information will be required to fill the tenancy agreement template:
- The amount of rent expected to be paid
- The address of the property to be rented
- The full names of the landlord and address if applicable
- The full names of the tenant
- The duration of the lease which means how long the lease is to run. Note that if there is no specification of duration, then the lease is assumed to be one year
