How tenant repair requests are handled and procedures for emergency requests.Identification of parking available, including designated parking spaces, if provided.Rules and regulations such as pet rules, noise rules and the penalty for violation.Facilities in the premises which the tenant is entitled to use such as swimming pool, security systems etc.Utilities furnished by the landlord and, if the landlord charges for such utilities, how the charge will be determined.Amount of security deposit and the account where it is held.Methods to terminate the agreement prior to the expiration date and charges if any.Amount of rent and due dates for payment, grace period, late charges.Names of the landlord and tenant and/or their agents.It ensures the safety of the property for the landlord as well as protects the tenants from dealing with any illegitimate demands by the landlord.Ĭommon contents of a rental agreement include: It is essential that a rental agreement is written as it helps to prevent conflict between the landlord and the tenant. The rental agreement is generally in written form and drafted on stamp paper. Thus, the two parties of the rental agreement are the landlord/owner of the property giving his/her property for rent and the tenant who is the person occupying/staying in the rented property till the expiry of the agreement.Ī rental agreement, also called a rent deed and lease deed, contains basic details of the residential property, the owner of the property, the renter (or tenant, as he is also called), the term of the rental, and the amount of the rent for the said term. A rental agreement is an official contract signed between the owner of a property and the tenant who wishes to take temporary possession of the property for a said period of time.

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