Things to Look for in a Tenancy Agreement
If you’re a tenant, your tenancy agreement is one thing that you need to pay close attention to. It would tell you the rules of everything you can do. It also includes what bills are inclusive, how long your tenancy will last, and what the property manager expects from you.
A tenancy agreement sets out the legal conditions and terms of your rent. Because of this, you need to know what to look for in a tenancy agreement.
When you already found a property to rent in Bexhill, here are several things to look for in a tenancy agreement:
Creating Changes
A renter has a lot to keep an eye on and take in. Some people may find this overpowering. Others may be so eager to move into a rental property that they pass over the lease agreement without giving it a second thought, placing themselves at risk of problems and complications down the road.
Ask your rental agent or landlord for confirmation if you have any questions about the provisions of your tenancy agreement. There are tons of resources online that provide useful free online information regarding tenancy agreements if you believe you need legal advice.
Decorating and Repairs
Your leasing agreement will also spell out who is liable for minor repairs. In some circumstances, landlords are glad to let renters handle their DIY projects; in others, tenants would rather do it themselves or have their renting agent or property management business handle it for them.
You’ll also learn whether you’re allowed to redecorate – and if so, whether you’ll need permission – as well as the laws for hanging posters, gardening, and bringing your furniture.
Rent Payments and Bills
The agreement will also mention the bills you’ll need to pay. Bills are sometimes included in the rent, and sometimes they are not. It differs from one tenancy to another once more. The majority of the time, you’ll be responsible for utility bills (gas, water, and electric), as well as phone and broadband expenses.
Unless they live in a property in multiple occupations (HMO), in which case the landlord is responsible, tenants must also pay council tax.
The tenancy agreement will specify the amount of rent you must pay and how it must be paid, as well as details on when and how you will be paid.
Deposits
A tenancy agreement will also specify the required deposit amount and how it will be safeguarded — landlords in several countries are required by law to place tenants’ deposits in one of three government-approved deposit protection schemes. Other countries have their deposit protection regimes.
Furthermore, the tenancy agreement will specify the circumstances in which a deposit may be withheld in part or in full (for example, to repair the damage you committed during the tenancy).
As you can see, there are a couple of things you need to look for in a tenancy agreement. Because of this, you should not immediately sign the contract when you’re renting an apartment. Make sure you read the agreement first.