A lease agreement with a fixed end date indicates the exact day of the end of the lease. If you have z.B a lease agreement with a fixed deadline of May 31, 2021, the lease would simply end on that day. Neither party would have to terminate the other party in order to terminate the lease. However, it is more important to look at your local rental market to understand rental prices, to evaluate what you might be able to calculate. Setting a fair rent on the market ensures that your rent is competitive to attract tenants and maximize your end result. Look at similar properties in the area to understand how much rent is being charged. Get as many data points as you can, as these units compete with your property to attract quality tenants. Adjust your price based on factors such as the number of rooms, amenities offered, location and size of accommodation. One of the most important parts of a tenancy agreement is knowing when, how and where rents are paid. An oral or oral lease is very difficult to apply.

If there were to be a dispute between the landlord and the tenant, a court should listen to evidence from both parties and choose which version of the contract should be accepted. An inspection report helps to document the damage caused by the tenant (if any) during the period they lived in the dwelling, so that the landlord is able to determine the amount to be deducted from the deposit to make repairs. You can charge a deposit; However, it is advisable to state very precisely the amount of the deposit, the use of the deposit at the end of the tenancy period and how the tenant cannot use it (for example. B: The tenant cannot use the deposit as a rent payment for the last month if the tenant becomes empty). If, at the end of the tenancy agreement, a disagreement develops between the landlord and the tenant, it usually starts here. The tenant has limited time to exercise his option to purchase and if he decides to buy the house, the option deposit he paid at the beginning of the lease will be used at the purchase price of the property. The rental agreement must specify whether pets are allowed on the ground. If the contract authorizes pets, the document must describe that the biggest difference between a lease and a lease is the period that these documents generally cover. A lease generally extends over a longer period of time, for example.

B six months or 12 months. A rental agreement includes a shorter stay, usually 30 days. Finally, there may be arrangements for a non-refundable down payment with a reservation, terms of payment of the original period (with discounts, vouchers, etc.), extended periods and any damages or other costs incurred before the return.