A rental lease agreement offers a contract to both landlords and tenants, which is legally enforceable. It is essential for the documents to have all the elements that are important to offer security to both parties. A lease agreement that is prepared in a proper way safeguards the interests of parties and avoids any confusion that could result in legal issues. Find out about 3 main components that a rental lease contract should include.
Property description
The contract should include a proper description of the premises that will be let out on rent. The description could be as basic as a physical address and the number of the apartment. However, it should be identified. Otherwise, it will be impossible to enforce the agreement. Please visit this site to get a sample rental lease agreement in Mississippi.
Names of tenants
The contract should include the names of every tenant who will stay in your premises. Only those who are mentioned in the contract as renters will be held responsible for obeying and honoring all the lease terms. Before allowing entry to the premises, the lease should specify the names of every tenant who will be regarded as accountable for rent payment.
Fines, Fees, Charges and Deposits
The agreement must specify the charges or fees that the renter will be held responsible for, such as court expenses, city fines, bounced check, late rent and more. If any security deposits have to be made for unpaid bills or damages, the contract should mention the deposit amount, time for return, items to be deducted from the deposit and more.
For more information about getting a rental lease agreement in New Jersey, please visit this website.
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