Renting is more common than you know. It's so big that it itself is a new industry as most the people on this planet live on rent. And all the sudden changes in the market and regular crisis many people keep playing hide and seek with having their own home or living on rent. Jokes apart, yes it's true that more than half the population live on rent and that's what makes the rent agreement an important task. If you are already living on rent or looking for one of the apartments for rent in Oakland CA then you do not need any new problem in your life. So, keeping your rent agreement straightforward is one the best ideas you will have recently.
A rent agreement binds the renters and landlords in a legal contract and is one of the most important documents benefiting both renter and the landlord. A good rent agreement protects and owner interests and prevents misunderstandings that could potentially lead to litigation. But there are some sure things that everybody must have in their agreements when looking for apartments for rent in Berkeley on the top platforms like Raj Properties. Without further ado let us have a look at them.
First and foremost thing that must be in your agreement is to have yours and the landlord's right name in the rent agreement. It will establish these two parties are bound to the agreement.
If you are already living on the rent for a few years then you already know the importance of including the description of the property in the rent agreement. This information must include the data like address and apartment number but it must be identified or the agreement can't be mandatory.
When you are moving in one of the apartments for rent in Oakland CA then include the information like amount agreed between you and the landlord, the day of the month is due, how you will make the payment etc. If the late rent payment is also in the picture you need to have a separate portion in the agreement so your landlord can't ask for a bigger amount in a situation of delay.
The amount of the security deposit should also be included in the agreement for your apartments for rent in Berkeley. It must contain information like how it is to be paid and terms of its future release and a better proper clarification in the lease agreement.
Over the years pets have become a part of many families and that's why they do not go anywhere without them. And if you fall under the same case then we suggest you to clear this particular detail in advance because many landlords don't allow pets in their property. And if there is an additional deposit for the pet and then make this detail included in your lease agreement.
The condition of the property before you move in must be noted down in the agreement as it's the landlord's duty to make all the repairs. Once you are moved in and you damage the property then it's your duty to pay for the repairs. Moreover, the rent agreement should also describe whether the landlord or tenants is responsible for damages to the property for any natural disaster.
These are some of the must-have terms in your rent agreement. Moreover, adding options like right to renew the lease, parking restrictions, possessions, property rules etc. can also be beneficial at the later stages. We hope the information provided to you in this blog would be helpful to you.
More info - http://www.rajproperties.com