Although it is much rarer for a property to be inhabited by a tenant without a lease, it is always something that happens and needs to be treated by the owners. A few examples could be: if you rent a property but do not use a rental contract, you could lose rent, be held responsible for illegal activities on the ground, receive penalties for unpaid incidental costs, or spend a lot of money on property repairs and legal fees. If you are renting a house, land or commercial building, you should have a lease. Changes – Most homeowners do not allow the property to be modified. And if the changes are made by the tenant, they should be reduced to the original status at the beginning of the tenancy agreement. Most leases set the terms if you and the lessor have a dispute, including the court (which may be limited to arbitration) and the circumstances in which you may have to pay the lessor`s legal fees. Leases are leases that clearly and in depth define the expectations between the landlord and the tenant, including rent, pet rules and the duration of the contract. A strong, well-thought-out and well-written lease can help protect the interests of both parties, since neither party can amend the agreement without the written agreement of the other. Landlords want to know who they are renting to, so they protect themselves that their tenants let someone else live in the apartment, whether while you live there (including a friend or family member who is not mentioned in the rental agreement), but most often when you leave the apartment for a while and someone else wants to live there and pay the rent. Use a monthly rental agreement if you don`t want to commit to renting your property for a whole year or more, but you still need to protect your rights. With a monthly lease, you (and your client) can be flexible.
Fair Housing Act – Restricts homeowners (or their agents) to refuse a person on the basis of race, gender, skin colour, age, family status, nationality, religion or disability. Both a standard housing rental contract and a room rental contract allow you to set quiet hours, schedules that guests can visit, as they can distribute payments for utilities, and rules for pets, smoking and parking.