Welcome to our San Carlos Real Estate blog!
Kelly has lived in San Carlos for over 20 years and has raised her 6 children here. She is extremely familiar with the area and schools and is involved in the community.
Friday, August 29, 2014
How to Write an Apartment Rental Contract
When a landlord and tenant agree on the rental of an apartment,
the landlord must prepare a contract, known as a lease agreement, that
sets out the terms of the rental. Several important points must be
included in the lease to protect both parties in the event of any
disagreements or issues that come up in the future. The more detailed
the lease, the more terms that will be understood by both parties, and
the less likely is the chance for misunderstandings or litigation of any
kind.
1
Identify the landlord and all
tenants at the top of the contract, as well as the rental address and
contact information for the landlord: address, phone and, if possible,
email. The lessor is the party granting the lease, or landlord; the
lessee is the party renting the property.
2
Head the next section "Rent."
List the beginning and ending dates of the rental, the amount of the
monthly rent and the address where the rent is to be paid. Give the
deadline at the beginning of each month for payment of rent and any
penalty that will be levied for late payment. Also give the penalty for
any returned checks.
3
Start another section headed
"Security Deposit." Give the amount of the deposit and the circumstances
under which the deposit will be charged and held by the landlord. Give
the period of time within which the landlord must return the deposit at
the end of the lease on the tenant's meeting all the obligations of the
lease. This is also the section for listing terms of a separate pet
deposit.
4
Head the next section
"Utilities." List the utilities for which landlord and tenant are each
liable for payment. Most leases have language releasing the landlord
from any liability due to faulty operation or installation of utilities
such as phone, cable, electricity and gas fixtures on the part of the
tenant.
5
Start a new section entitled
"Condition of Premises." The landlord warrants and the tenant agrees
that the premises are in good condition at the start of the lease term.
The lessee is obligated to report any damages or needed repairs to the
landlord promptly and, in some cases, in writing. The lessee is also
responsible for ordinary upkeep and maintenance of the property.
6
Begin the next section
"Access." This section explains that the landlord shall have access to
the property in order to make inspections or carry out repairs. The
landlord also normally has access, with advance notice, to the property
in order to show it to prospective future tenants.
7
Title the next section
"Liability and Insurance." The lessee agrees to hold the landlord
harmless for any damages or injury resulting from an accident, from
normal use of the property, or from a repair for which the tenant did
not notify the landlord, as well as to indemnify the landlord against
all claims of guests or visitors arising from the same circumstances.
8
Additional sections can be
added describing the move-out policy; any local ordinances relevant to
rental and activity by the lessee and his or her guests; default and
eviction policies; eminent domain; fire insurance; abandonment of
personal property; storage facilities; parking facilities; subletting
policies; and conditions of tenancy in such matters as smoking, use of
drugs or possession of firearms.
Judy Clarke and Kelly Clarke are co-founders of The Clarke Team at Coldwell Banker. Judy is an escaped CPA while Kelly is an MBA. They specialize in properties located on the Peninsula and have a top referral network for other areas.
They quickly earn the trust and respect of their clients with their professional approach. They strive for constant improvement and offer outstanding communication and client care. Contact them at sold@clarketeam.com, or call Judy at 650-270-8423 or Kelly at 650-315-5371.
No comments:
Post a Comment