Carl Glendon

What Are Some Important Clauses In A Residential Lease Agreement?

Residential lease contracts are agreements that specify that a property owner is letting out his premises to some other person for money. These have to be foolproof in order to ensure that the interests of landlords as well as tenants are properly covered and taken care of. Find out about some of the essential clauses in residential rental agreement forms free.

Use

The clause specifies all the parameters of the rental property usage. A landlord would not like to have his premises used for any illegal or dangerous activity, which could lead to liabilities for him or result in a rise in the insurance rates.

Utilities

The residential lease agreement should mention with clarity who is supposed to pay or which utility in the premises. In a few cases, in case the tenant lacks deposit money, the landlord would place all the utilities under his own name. It is risky, given that a landlord might land up with a huge bill. Landlords might not shut the utilities off in case tenants do not pay the rent. However, a landlord need not pay for the utility bills of a tenant in case they are separately paid from the rent amount. Please visit this site to get a sample lease agreement free.

Furnishings

In case any specific item, such as furniture, is a part of the property that is rented, the clause for furnishing will govern them. In case of a furnished property, the landlord would like to track all the furnishing items and make sure that they are given back in proper condition. It would be in the best interests of the tenant to look at all the items at the start and close of the tenancy period, to ensure that he is not being unduly charged for an item that was damaged or removed prior to his / her arrival at the premises. For more information about getting a Pennsylvania rental agreement, please visit this website.

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 custom agreements news blog. To learn more about drafting a rental lease agreement in New York online, visit this website.