What are rental agreement templates?
The rental agreement templates are the guides based upon which you can formulate your own rental agreement depending on your and your tenant needs. These templates help you in putting down all the relevant points together and in a sequential manner so that you do not miss out on something important and later on repent for you mistake when the disputes reach the court of law. These templates are available online and that too for free. You could browse through hundreds of them and choose the one that suits you the best. You could also mix different templates and make one really detailed document that will cover all the relevant points for renting out your property.
The rental agreement templates need to be covering all the points about what the tenant needs to do or abstain from doing while he or she is living on your property. These are a few points that you must remember to look out for while selecting the best rental agreement template:
- The provision for name address contact number and other personal details that may be necessary
- The terms of payment of rent- weekly/ monthly/ fortnightly; method of payment of rent or any other charges that may apply- check/ bank account/ cash in hand
- The amount of refundable security charges- terms of refund and usage of this money in the repair of any damage to the property caused by the tenant
- Other charges like utility, late charges and terms and conditions regarding pets and the visitors should be included in this agreement