Thursday, April 12, 2018

Common Inclusions in Rental Lease Agreements & Contracts

An agreement between a tenant and a landlord, a Rental Agreement provides tenants with the right to occupy their residential premises. This type of contract can be for a specific time period, such as a week or a month. It is offered for a fixed time period, generally for a year, and is generally bound by various terms and conditions for as long as the fixed term lasts. Find out about some of the common inclusions in rental lease agreements & contracts. Please visit this site to get a sample rental lease agreement in West Virginia.

Monthly Rent Amount


It specifies how much money the tenant is supposed to pay every month.

Term of Lease


It specifies the amount of time that the renter has to pay rent for your property. These contracts are generally of two types – Month to Month Lease or Standard Residential Lease. The former is also referred to as “Tenancy at Will”. A Standard Residential Lease generally lasts for 11 months.

 

Property Information


This section includes information about the location of the property, type of property, address of property, number of bathrooms, number of bedrooms, appliances and furnishings. It also includes any details about parking.

Notice Period


It mentions the amount of time that tenants need in order to notify you prior to the time of exit.

Other Requirements


The contract also mentions the additional charges, such as water bills, electricity bills and other charges for maintenance, repairs and more. It specifies when these fees have to be paid, and more. Any fees for parking the vehicles are also mentioned here.

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