Carl Glendon

Which Tenancy Clauses Should Be Included in Rent-to-Own Agreements?

Rent-to-Own Agreements are signed between landlords and tenants, and are traditional lease agreements that are also referred to as 'lease-to-own agreement' or 'lease-option agreement'. It is an alternative method of purchasing a house. Find out which tenancy clauses needs to be included in these agreements.

Tenancy termination

Every adult residing in a rental unit needs to be listed in the form of a tenant. They also need to sign the contract, which can make each tenant responsible for every term that is agreed on in the contract, such as proper usage of the rental unit, liability of rent etc. Property owners need to be legally capable of seeking the whole rental amount that is due from tenants, if the latter do not make payment. In case any tenancy term is violated by any tenant, the tenancy of every signatory tenant can be terminated by the landlord.

Tenant occupancy limitation

A free lease agreement template needs to specify categorically that residency is restricted only to tenants who have signed the contract already. This specification ensures the right of the owner to decide who can stay in the property, and also permits a restriction on the number of people who can occupy the property. It lets property owners get the grounds for evicting tenants who violate the rental agreement terms. For more information about getting a rental agreement form, please visit this website.

Tenancy terms

The contract must specify whether it is a fixed-term or rental agreement. Generally, rental contracts are verbal and tend to self-renew unless the agreement is ended by either the landlord or tenant or the property comes to be owned by the tenant. Usually fixed-term rental leases are annual. Such an agreement is based on the duration for which tenancy would be allowed by the property owner, as well as how much flexibility they would like to include in the agreement. For more information about getting a lease agreement in Texas, please click here.

Author Resource:-

Carl writes often about legal drafting, rental lease agreement, marital separation agreement and help the people in such needs. You can find his thoughts at legal forms library blog. To learn more about drafting a rental lease agreement in Connecticut online, visit this website.