Furniture Rental Contracts by ocz79644

VIEWS: 26 PAGES: 19

More Info
									Renting A Home
 Rental Contracts
                    Objectives
• Define the Types for Rental Contracts

• Discuss Deposit, Rent Payment and Late
  Fee Requirements

• Determine Landlord Responsibilities and
  Tenant Obligations

• Explain Legal Requirements for Eviction
  and Termination
                        Types of Rental
                         Agreements
•   Lease
    A written and dated legal document that records the
    contract between the owner and the renter.

•   Written agreements
    Shorter and more informal contract that often permits
    month-to-month tenancy and allows for changes and
    provisions.

•   Oral agreements
    Offers little protection to the renter should the landlord
    fail to live up to the oral commitments.
                           Lease

A lease should include:

•   Names, addresses and telephone numbers of
    the landlord, manager and tenant (#1)

•   Address of the property (#1)

•   Occupants of the property (#2)

•   The duration of the lease, beginning date to
    ending date (#3)
                             Lease

A lease should include:

•   Dollar amount of security or damage deposit
    and conditions under which the deposit will not
    be returned (#4)

•   Keys and furniture that will be provided (#5)

•   The amount and due date of rent, where it is
    to be paid and penalty for late payment (#6)

•   Person responsible for utility bills (#7)
                            Lease

A lease should include:

•   The extent of the landlord’s obligation to repair
    or maintain the rental unit (#25 & #26)

•   Responsibility for maintenance (#25 and #26)

•   Description of the rental unit before occupancy
    (usually an attachment, not included in this
    sample)
             Lease Agreements

Things to Consider:

• Landscaping

• Garbage removal

• Septic system
                 Lease Agreements

Don’t make assumptions.
Get everything in writing.
• Is the garage, workshop or storage shed
  included?
• How many livable bedrooms are in the
  rental unit?
• What appliances will remain in good
  working order?
• What are the landlord’s responsibilities for
  maintenance repairs?
                      Deposit Money

Usually equal to about one month’s rent.

• Can be applied to unpaid rent payments, to damages
  repair or unpaid utilities bills.

• Cannot be kept to cover normal wear and tear.

• The landlord must provide an itemized written list of
  deductions and return the balance of the deposit within
  30 days of the date the rental agreement ends or you
  move out.
                Payment of Rent

• Payment is expected at the time and
  place agreed upon.

• Rent can be increased at the end of
  the lease’s term.

• You cannot be charged additional fees
  for having guests in your rental unit.
  However, you may be charged if
  guests use facilities outside the unit.
                  Late Fees

• Late fees cannot exceed 10% of the
  total rent payment.

Example:
                  1st Month   2nd Month
Monthly Rent      $450.00     $ 900.00
Late Fee           $45.00      $135.00
Total Due         $495.00     $1,035.00
                  Tenant Responsibilities

• Disposing of all ashes, rubbish, garbage and other waste
  from the unit in a clean and safe manner.

• Keeping all plumbing fixtures in the dwelling or used by the
  residents as clean as possible.

• Using all electrical, plumbing, sanitary, heating, ventilation,
  air conditioning and other facilities and appliances in a
  reasonable manner.

• Not defacing, damaging, impairing or removing any part of
  the unit or knowingly allowing any person to do so.
                 Tenant Responsibilities

• Behaving and requiring guests to conduct themselves in a
  manner that will not disturb the neighbors.

• Abiding by all bylaws, covenants, rules or regulations of any
  applicable cooperative housing agreement or neighborhood
  association.

• Not knowingly committing or consenting to any other person
  violating the rules or regulations.
                  Landlord Obligations

• Making repairs and doing whatever necessary to
  keep your unit in safe condition.

• Keeping common areas in a safe condition.

• Maintaining the electrical, plumbing, sanitary,
  heating, ventilating, air conditioning and other
  facilities and appliances, including elevators, in
  good and safe working order and condition.
                 Landlord Obligations

• Providing and maintaining appropriate containers
  for the removal of ashes, garbage, rubbish and
  other waste and arranging for removal.

• Supplying running water at all times, a reasonable
  amount of hot water and reasonable heat (except
  when the heat or hot water is generated by an
  installation within the exclusive control of the
  resident and supplied by a direct public utility
  connection).
                                   Termination

Legally moving out of the rental property before the term ends.

• Provide written notice to the landlord stating the acts and omissions
  constituting the violation and the date you will move out. You must give
  the landlord seven days to make a reasonable attempt to remedy the
  violation.

• If your landlord makes a reasonable attempt to fix the problem before
  the date stated in the notice, the rental agreement is not terminated.

• If the rental agreement is terminated, you are entitled to the return of the
  balance of your prepaid rent and security deposit.
                        Eviction

Legally being removed from the rental
property.

• Written notice including the dates and
  specific facts describing the violation and the
  date the rental agreement will end if the
  violation is not fixed in seven days.
                        Moving Out

• If you plan to move when the lease expires, you
  must notify the landlord before the lease ends,
  within the time limit stated in the contract.

• If the landlord does not plan to renew your rental
  contract, you must be given notice according to the
  number of days stated in the contract.

• Special cases include provisions made for military
  personnel.
                      Summary

•   Defined the Types of Rental Contracts

•   Discussed Deposit, Rent Payment and Late
    Fee Requirements

•   Determined Landlord Responsibilities and
    Tenant Obligations

•   Explained Legal Requirements of Eviction
    and Termination

								
To top