What a Basic rental agreement ?
A basic rental agreement is a legal document that outlines the terms and conditions of a rental arrangement between a landlord and tenant. It typically includes the following information:
- 1. Names of the landlord and tenant(s)
- 2. Description of the rental property, including the address and any relevant details such as parking spaces or storage areas
- 3. The term of the lease, which specifies the start and end dates of the rental period
- 4. The rent amount and payment schedule, including any late fees or penalties for missed payments
- 5. Security deposit amount and terms for its return at the end of the lease
- 6. Rules and regulations for the use of the property, such as noise restrictions, smoking policies, or pet guidelines
- 7. Maintenance responsibilities for both the landlord and tenant, including who is responsible for repairs and upkeep of the property
- 8. Provisions for renewing or terminating the lease, including notice periods and procedures for ending the rental agreement.
It's important for both the landlord and tenant to read and understand the terms of the rental agreement before signing it, as it serves as a legally binding contract between the parties.
A Comprehensive Guide to Rental Agreements in Australia : Key Considerations and Essential Tips
Download this Basic rental agreement fillable free in word format.