Ensure that you have both hard and soft copies and keep them safe. Once you have finalized writing the lease agreement, store it safely. Each party needs to sign their name, enter the date in which they are sighing and print their name beneath their signature. You should also include details about the process of contract termination, including when the tenant should inform you that they intend to terminate the contract and the condition to leave the property. Once the tenant lease contract has expired, you need to specify the number of days you will allow the tenant to stay on the property. Include a statement about contract termination.Disclosing defects on your property will help you avoid legal battles in the future. If your property has any defects, it is important to inform the tenant about them. Include details of any defects on the property.Therefore, you should specify whether you allow subleasing or not and, if yes, clearly state the terms and conditions, including the landlord having the right to screen the subtenant before the agreement is finalized. The tenant may want to sublease the property. Don’t forget to specify that the tenant deposit will be used in case they damage the property. Also include the changes you will allow the tenant to make on the property. You should also list all available appliances on your property and their current condition. Clearly state the responsibility of the landlord and tenant when it comes to the maintenance of the property. Specify details of property maintenance.You should also specify if there are penalty fees in case the tenant fails to pay rent on time as agreed. State in the lease agreement the rent the tenant needs to pay each month, payment date, and the mode of payment to use. Include rent amount, mode of payment, and payment date.The lease agreement should also include a clause that states you will return the security deposit in full unless there are issues like damage to the property. Clearly state the amount you need and the mode of payment. Once you have entered all basic information, the next step is including details about the security deposit. Include details about the security deposit.Basic information to include in the lease agreement includes the name of the tenant and landlord/ property manager, address of the property, and the date when the lease will start and end. The one-page lease agreement should have all basics information about the landlord, the tenant, and the property.
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