Monday, 27 December, 2010
Signing the lease
While the rental contracts can take a variety of forms, including verbal agreement, most contracts tend to be standard documents. They include details of both parties involved, landlord(s) and tenant(s), as well as details of the property being let. The lease commonly includes the following:
- Names of the landlord(s) and tenant(s) (Note that if the rental is to be used as a “family home,” that is, the primary residence of a married couple or family, then both names are added to the contract. All matters relating to the property—termination of lease, changes in the agreement—must be made jointly, and notice of termination by the landlord must be sent to each tenant separately.)
- Description of the rented property including such things as use of a cellar, garage, etc.
- Rental period (fixed or indefinite)
- Initial deposit amount (for possible damages to the property)
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