Once you have found a perfect rental property, it is time to sign on the dotted line of tenancy agreement. Hold on! Do not enter into a legally binding contract lightly. Take the fine print of the agreement, take out time, read it out completely and raise your concerns before you sign. A legal contract is a binding between both parties that sets out the legal terms and conditions of your tenancy, what you can do and cannot do, how long your tenancy will last and what will be inclusive in your rental package.
If it is your first time, looking through this kind of contract and reading all terms and conditions may seem like a minefield. However, in the following post, we will highlight important points that you need to check before signing the legal contract.
Before moving into any rental property, you will be required to pay a certain amount in name of deposit. A tenancy agreement sets out the required deposit amount and how it will be protected. Always have a mediator to make sure your deposit is safe and you will get it back at the end of the term of tenancy agreement, if you don’t damage the property and pay your bills on time.
A rental contract must outline what the rental amount covers such as some rental prices include bills or council tax, while others do not include this facility. In latter case, you will be responsible to pay your utility bills and other facilities like landline phone and broadband. The tenancy document must clearly state the rental amount and how it will be paid as well as information on how and when the rent will be paid. Moreover, the contract should also highlight that who will be responsible for any repair or maintenance of the property.
To reduce the chances of disputes, it is a wise move to go through your tenancy document carefully to know your obligations as a tenant and what rules you must follow. For instance, does the landlord allow pets inside rental home or not? What are your obligations at the time of leaving this home such as you can leave as it is or you will have to hire professional cleaning services to clean the place? How do you send the rental payment and what will be the last date to pay your rent? These are the kind of questions that must not be just negotiated but must be put down in writing to avoid any confusion.
This point may prove to be overwhelming for first time tenants, because most of them get so excited to move into a new home that they hardly give a second look to the agreement and face issues later during the term. If you need clarification about any point of the agreement, you should ask your landlord. You can seek level advice from the agent or lawyer too in case, you find something difficult to comprehend. Your landlord cannot discriminate on any basis so if you feel like changing any point or clause in the agreement, you can talk to the agent or landlord before signing the contract.