The terms of your rental agreement are important for protecting your rights as a property owner.
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updated September 1, 2023 · 4min read
If you're a landlord and have property to rent, it's important to have a written rental agreement. If you and your tenant ever have a legal dispute, your chances of a favorable outcome improve if you have a written agreement.
Your rental agreement, however, must include some basic rental terms.
A rental agreement is a document that acts as a contract between you and your tenant, defining the terms of the tenancy. You can have it written in a way that is favorable to you because you can decide what goes into the agreement.
Most rental agreements are short-term agreements, such as month-to-month tenancies, while lease agreements are usually for longer rental periods, such as six months, a year, or more.
A rental agreement is a good idea if you want to make sure your tenant is reliable or if you're renting a room in a house in which you're living. It's easier to terminate a month-to-month tenancy than a long lease.
A month-to-month rental agreement should include certain provisions so that the agreement protects you. It's often helpful to have an attorney prepare a rental agreement for you, even if it's just a one-page document, especially if you're a first-time landlord.
Numerous provisions can be included, but a basic rental agreement should include at least the following 10 terms:
So long as you have these terms in your rental agreement, you're protecting yourself in the event your tenant is someone you no longer want to rent to. The rental agreement provides an easy way for you to get them to move out and shows what they're responsible for if they don't leave voluntarily.
by Belle Wong, J.D.
Belle Wong, is a freelance writer specializing in small business, personal finance, banking, and tech/SAAS. She ...
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