Q:

What are some components of a standard tenancy agreement.?

A:

Quick Answer

Standard lease agreements include a lease term, which defines how long the lease applies, as well as renewal or termination provisions, according to Apartment Guide. Standard leases indicate if the lease is based on a year or month-to-month.

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Full Answer

Rental amounts, due dates and applicable late fee amounts are included in lease agreements, states Apartment Guide. Other common deposits or fees are described in a lease agreement, such as security and pet deposits, late fees for rent payments or fees for returned payments. A renter may be required to obtain renter's insurance, and this should be indicated in a lease agreement.

Other responsibilities between the landlord and tenant are outlined, such as who is responsible for damages, repairs and maintenance of the unit, according to Apartment Guide. A good lease also explains the right of entry by the landlord in the event of an emergency or to conduct maintenance and repairs. Prior notice to the renter should be explained as part of a rental agreement.

A lease typically describes any utilities included in the rent and those that are the renter's responsibility, explains Apartment Guide. Other regulations that may be defined in a lease agreement include the types of modifications a renter can make or the sizes and types of pets allowed. Lease agreement clauses typically include a statement that the renter must not engage in any illegal activity within the unit.

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