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Every business transaction whether real estate or not, requires legal agreement such as tenant forms. This form serves as the binding agreement between the owner and the tenant. Actually, the tenant agreement is created to protect the tenant. The form is for protecting the interest and property of the owner within certain terms and conditions. Since the tenant is just leasing the property, there are several restrictions that have been made to avoid unlawful abuse of the property. The tenant should fully understand the contract before signing it.
For tenant to avoid future discretion, he or she should comply with the agreed terms and conditions between the owner and the tenant. It is also the main responsibility of the landlord to fully explain to the tenant the entire coverage of the agreement. If both parties are not happy with the agreement, there is no business transaction that will be made. For instances, that both parties agrees with the agreement, important legal forms should be signed by both parties.
In most cases, the tenant is the one responsible for paying all bills such as electricity, water, cable connection, Internet connection, gas, and telephone connection too. It will all depend upon the need of the tenant at a given time. He or she may decide not to go for a telephone or cable connection. There are cases where all the bills are included with bills of the rental. This is for short term lease. This is to prevent unpaid bill when the tenant chose to move out after several months. But, the most common circumstance is that the tenant pays their own bills for longer term leasing.
It is common for the tenant to pay one to two months when holding deposit to the owner’s right after signing the agreement. The advance payment is for collateral damage of the property. There are several listed terms and conditions within the agreement. The landlord should explain all restrictions listed in the agreement. Some restrictions includes no renovation is allowed inside the house and no pets are allowed inside the property. You may also appeal to the owners if you have pets. However, pets should be kept inside the house.
There are times when property owners are not available. In this case, they usually send one member of the family with power of attorney forms. You can appeal to the main representative of the owner for all important concerns about the agreement. Important details are listed within the agreement such as cleaning and keeping the whole surroundings to keep it well maintained. An agreement between the owner and the tenant should not be a hindrance for building good tenant and owner relationship.
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