Every field of life requires a certain legal protection. This legal cover is necessary to ensure an honest and responsible behaviour by all the concerned parties. This case also applies on the procedure of renting out a property. Tenancy agreements have become a common fare, as they provide an excellent protection to both; the landlord and the tenant.
The parties of this agreement are mainly the tenants and the landlords; however, in some agreements, a guarantor, who offers a guarantee to pay the rent, in case tenants fail to do so, is also included in this agreement.
Tenancy agreements are signed in the presence of both, the tenant and the landlord. The presence of a guarantor is also ensured if the landlord is not satisfied with the financial position of the tenant. The guarantor agrees on paying the rent and executing other duties on the behalf of the tenant in case of any untoward situation.
The tenancy agreement mentions the duration of the agreement, the total amount of rent and monthly instalments, among others. These things are mentioned in the Rent Amount & Payments section; the mode of payment is usually specified by the landlord.
The tenant is also bound to pay utility bills during the tenancy term, and the cost of any reconnection is also included in it. The tenant is also bound to pay the council tax and water cost under this agreement. Similarly, the tenancy agreement restricts tenants from making any alterations or additions in the property without the written consent of the landlord.
Tenancy agreements also state that a tenant is legally bound to pay the bills from his own money. If he is unable to pay the bills on time, the utility company might sever the connection. In that case, he will have to pay the reconnection fee. The municipal taxes levied on property, including council tax, are to be paid by the tenant.
In addition, the agreement allows the landlord to inspect the property at any time, though they have to give a prior notice in this regard. The tenant has to ask for the landlord's permission before making any changes or additions to the property, or in case he wants to keep any pets.
Many restrictions are imposed on the tenants with a legal obligation that he will follow them wholeheartedly. Clauses can be discussed with the landlord, in case they seem like hard to follow, before signing the document. The ultimate power, however, lies with the landlord. A tenant can refuse to sign the agreement if the landlord remains adamant on certain clauses even after discussion. Overall, tenancy agreement provides equal opportunity for both the parties. - 29954
The parties of this agreement are mainly the tenants and the landlords; however, in some agreements, a guarantor, who offers a guarantee to pay the rent, in case tenants fail to do so, is also included in this agreement.
Tenancy agreements are signed in the presence of both, the tenant and the landlord. The presence of a guarantor is also ensured if the landlord is not satisfied with the financial position of the tenant. The guarantor agrees on paying the rent and executing other duties on the behalf of the tenant in case of any untoward situation.
The tenancy agreement mentions the duration of the agreement, the total amount of rent and monthly instalments, among others. These things are mentioned in the Rent Amount & Payments section; the mode of payment is usually specified by the landlord.
The tenant is also bound to pay utility bills during the tenancy term, and the cost of any reconnection is also included in it. The tenant is also bound to pay the council tax and water cost under this agreement. Similarly, the tenancy agreement restricts tenants from making any alterations or additions in the property without the written consent of the landlord.
Tenancy agreements also state that a tenant is legally bound to pay the bills from his own money. If he is unable to pay the bills on time, the utility company might sever the connection. In that case, he will have to pay the reconnection fee. The municipal taxes levied on property, including council tax, are to be paid by the tenant.
In addition, the agreement allows the landlord to inspect the property at any time, though they have to give a prior notice in this regard. The tenant has to ask for the landlord's permission before making any changes or additions to the property, or in case he wants to keep any pets.
Many restrictions are imposed on the tenants with a legal obligation that he will follow them wholeheartedly. Clauses can be discussed with the landlord, in case they seem like hard to follow, before signing the document. The ultimate power, however, lies with the landlord. A tenant can refuse to sign the agreement if the landlord remains adamant on certain clauses even after discussion. Overall, tenancy agreement provides equal opportunity for both the parties. - 29954
About the Author:
James L Harrison is a real estate agent. You can find rental homes and apartments to rent manchester at his recommended site http://www.mancitylettings.co.uk
