Rental Agreement
A Rental Agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions for renting residential or commercial property. It ensures both parties understand their rights and responsibilities.
Key elements of a Rental Agreement include:
Details of the landlord and tenant
Description and address of the property
Duration of the tenancy
Rent amount, payment schedule, and security deposit
Maintenance responsibilities
Terms for renewal and termination
Rules regarding property use and restrictions
Why It Matters:
A clear Rental Agreement helps prevent disputes, provides legal protection, and fosters a transparent rental experience for both landlord and tenant.
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