What is in a furnished house rental agreement?

    In order to obtain many products or services in life, people are usually required to oblige by a set of rules and regulations. Most cell phone plans have contracts and terms. It is no surprise that the same standard would be inherent to rent.

    As a leaseholder, it is very important to be informed of the rights you have in your State or Province prior to putting your name on the dotted line.  Whoever is renting a furnished home presumably signs a rental agreement. This is a document that is legally binding and consist of specific terms the tenant and landlord must abide by. Awareness of the law comes in handy; here is what you will find in most furnished house rental agreements:

    Terms and Conditions

    This portion of the paperwork relates to the regulations of the rental. A documented description of how many people will be living there, what the rent will cost, when it is due, what if anything happens should the rent be late. Other aspects are what the duration of the stay is; it could note that if the tenant wants to stay an additional 12 months for example, the rent will increase by a said amount.

    Perhaps a plethora of policies or promises comprise of the contract. For instance, whose responsibility is it if the pipes explode? Who will be held accountable for floods or such? This is where the security deposit takes place. A recorded number would be listed in the agreement.

     Attachments

    Prior to agreeing to the furnished house rental terms, the owner must provide evidence of the contents. This will clearly state what is and is not incorporated in the lease. A detailed account of every item is to be attached to the rental agreement. 

     It is up to the lessee to make available their capability to pay rent, this could be showing proof of bank statements, or postdated checks.

    Damages

    Normally, a disclaimer for damages is described in the document. This varies from lease to lease, however, are frequently there to protect the owners investment. If the renter damages anything in the unit from the flooring, furniture to the walls or windows, they could be held liable.

    Default

    Failure to pay doesn’t legally give you the right to terminate your contract without repercussions. Even though a tenant might default, the landlord has a binding agreement which can be held in court.