3. Rent and security deposit. Monthly rent to be paid by Renter to Homeowner is $[RENT] per month, due on or before the 1st day of each calendar month during the term of this Room Rental Agreement. The first and last month’s rent must be paid in advance upon the signing of this Room Rental Agreement. If this Room Rental Agreement begins partway through the month, the first month’s rent will be prorated. Rent must be paid in cash, money order, or cashier’s check. In addition, Renter will pay Homeowner a security deposit of $[SECURITY DEPOSIT] as security for any damages to the House caused by Renter. The Security Deposit will be returned to Renter within [DAYS FOR DEPOSIT RETURN] of termination of this Room Rental Agreement, less any deductions for damages, with an accompanying itemized statement explaining any deductions.
A: By default this Agreement includes the landlord’s right to enter the property at reasonable times to inspect the property, make improvements or repairs, as well as enter in times of emergency. As the landlord, it is a good idea to give reasonable notice to your tenant before entering the property. For example, in the event of a pipe leaking, you can enter the property but it is wise to give notice to the tenant.
From the tenant's perspective, the advantage to this kind of lease is that they don't have to pay the purchase price up front. If the Tenant cannot qualify for a loan, then they have the option of purchasing the property at a later date when their finances are more secure. In addition, the purchase price may be fixed, so the tenant does not have to worry if the real estate market fluctuates.
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While technically considered an occupant, pets are not a landlord’s best friend. Even if they are allowed on the property, the landlord should state exactly which types are allowed so that an “organic” tenant doesn’t have farm animals on the premises. Furthermore, it’s recommended that the landlord place a maximum weight the animal may be for liability (dangerous dogs tend to be larger) and damage to the premises.
When renting real estate, the person(s) or party who lives in or occupies the real estate is often called a tenant, paying rent to the owner of the property, often called a landlord (or landlady). The real estate rented may be all or part of almost any real estate, such as an apartment, house, building, business office(s) or suite, land, farm, or merely an inside or outside space to park a vehicle, or store things all under real estate law.
Section 17. The Tenant shall not make any alterations to the premises, including but not limited to installing aerials, lighting fixtures, dishwashers, washing machines, dryers or other items without first obtaining written permission from the Landlord. The Tenant shall not change or install locks, paint, or wallpaper said premises without Landlords' prior written consent, the Tenant shall not place placards, signs, or other exhibits in a window or any other place where they can be viewed by other residents or by the general public.
A: If the housing was built prior to 1978, the lease/rental agreement will contain a disclosure page on lead-based paint and/or lead-based paint hazards. There is a federally approved disclosure form (“Disclosure of Information on Lead-Based Paint and/or Lead Based Paint Hazards”) and information pamphlet (“Protect Your Family From Lead In Your Home”) that you can download.
Make sure that every appliance and piece of furniture that is mentioned in the lease exists on the property. If not, at the end of the agreement the landlord will be liable to claim whatever is mentioned in the lease as part of the property. If a move-in checklist is being completed, this is not a huge issue, but the tenant should double-check to ensure that all is included as part of the lease.
The length of time of a lease agreement is identified as one of the requirements of the contract. A lease agreement can be created for month-to-month leasing, six months, one year or more. Lease agreements are not required to be the same set amount of time. At the end of the current lease (fixed term) the landlord may wish to extend the lease to the tenant, as a lease agreement does not automatically renew, unlike a rental agreement. The current lease agreement will need to be amended or a new legally binding agreement can also be signed.
Tenancy Agreements: A tenancy agreement is a contract between a landlord and tenant that outlines the terms of the tenancy – it’s an important legal document. These tenancy agreement templates accurately reflect the Residential Tenancy Act and the Manufactured Home Park Tenancy Act, as well as any accompanying regulations. The Residential Tenancy Branch (RTB) does not provide warranties on these templates.
The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals. Some non-real properties commonly available for rent or lease are: