A rental agreement is a contract
between a tenant and a landlord whereby a landlord allows a tenant to occupy
his residence on rent for a certain period of time. It’s a written or typed
document where the terms and conditions mentioned which a landlord and tenant
needs to follow during their rental relationship.
What includes in a rental agreement
·
The name of the tenants which are going to stay
in the property.
·
Time duration for how long the tenant can stay in
the property.
·
Security deposits and rent amount.
·
Whether the security deposit is refundable or
use for the maintenance or repairs.
·
Terms and conditions for the tenants.
Rental agreement is very much
important when you hire a tenant for your rental property as this is the proof
that you have hired them and they are the tenants not the real owners and this
includes all the terms and conditions that a landlord wants these rules to be
followed by his tenants. The absence of a written rental agreement prohibiting
subleasing the premises could, and often does, result in a mess that ends up in
court. And when the landlord goes to court he always loses, even if the court
finds in his favor. He always is either out rent or has the stress of trying to
get his property back under his control.
Property management companies are
professional and know how to make a lease or rental agreement for your rental
property and handle everything legally. Property management companies are the
living assets for your non-living assets and they manage your property while
generating income and acts on behalf of you in legal manner which reduces the
chances of risk of facing problem and hiring bad tenants and they know what the
importance of a rental agreement is and how to make it. You can hire property
management Maryland that can help
you to manage your property and increase its value.
Baltimore Apartment Management
Apartment Management Baltimore
http://www.renturhome.com