5 Essential Rules of the Lease Agreement

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Uraan Rental Agreement And Notary
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5 Essential Rules of the Lease Agreement
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Name Of Both Parties
It is very much important to mention the name of
both parties. It clearly specifies the persons
who are bound by this agreement.
Property description
It includes the mailing address of the property
such as property name, house number, street name,
town, state, and postal code. It also includes
the name of the owner.
Maintenance and repairs
The rental agreement solves most of the conflicts
between the tenant and the landlord as it clearly
specifies the name of the party who should be
responsible for the maintenance and repair of the
property. It also specifies the restrictions on
the repairs that have to be done by the parties.
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Duration Of The Rental Agreement And Rules Of
Real
Usually a rental agreement lasts for 11 months,
but one can surely enter into an agreement for a
longer period also. It is very much important to
mention the duration of the rental agreement. The
agreement should also mention the consequences of
terminating the agreement and the rules for
renewal of the agreement. When the rental
agreement should be renewed and how what will be
the hike in rent and provision of negotiation are
the other several things that need to be
mentioned in the rental agreement.
Security Deposit, Rent, And Other Deposits
This thing is very much important to avoid any
kind of misunderstanding between the landlord and
the renter as there is money involved. The
document should mention the amount of rent and
maintenance that needs to be paid every month. It
should also mention the last date of paying rent.
It should also mention the amount of security
deposit that has to be done before shifting in
the property.
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Uraan Rental Agreement And Notary
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