Your choice will depend on how long you want the tenant to stay and how much flexibility you want in your arrangement.Ĥ. Leases, on the other hand, typically last a year. Rental agreements usually run from month to month and self-renew unless terminated by the landlord or tenant. Every rental document should state whether it is a rental agreement or a fixed-term lease. The value of this clause is that it gives you grounds to evict a tenant who moves in a friend or relative, or sublets the unit, without your permission.ģ. This guarantees your right to determine who lives in your property-ideally, people whom you have screened and approved-and to limit the number of occupants. Your agreement should clearly specify that the rental unit is the residence of only the tenants who have signed the lease and their minor children. This means that you can legally seek the entire rent from any one of the tenants should the others skip out or be unable to pay and if one tenant violates an important term of the agreement, you can terminate the tenancy for all tenants on that lease or rental agreement.Ģ. This makes each tenant legally responsible for all terms, including the full amount of the rent and the proper use of the property. Every adult who lives in the rental unit, including both members of a married or unmarried couple, should be named as tenants and sign the lease or rental agreement. Here are some of the most important items to cover in your lease or rental agreement.ġ. Whether the lease or rental agreement is as short as one page or longer than five, typed or handwritten, it needs to cover the basic terms of the tenancy. It is a legal contract, as well as an immensely practical document full of crucial business details, such as how long the tenant can occupy the property and the amount of rent due each month. A lease or rental agreement sets out the rules landlords and tenants agree to follow in their rental relationship.
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