Tenants Attention! Do Not Skip This Information When Making a Lease Contract!

Tenants Attention! Do Not Skip This Information When Making a Lease Contract!

In today's conditions, one of the best ways to own your dream property is to rent a residence or property for a certain period of time. The tenant has the right to use the property for a period of time for a determined price.

However, the tenancy process is not limited to paying a monthly fee or a verbal agreement.

Signing a lease agreement with the property owner is one of the indispensable details.

However, there are many issues to be considered when making this contract.

Today, we will examine the lease contract issue. We will share the things to be considered when making a lease contract respectively.

Do Not Ignore This Information When Making a Lease Contract

The tenancy process brings many advantages and disadvantages for both landlords and tenants. While tenants have the opportunity to live a pleasant life in a house of their choice in a location of their choice without paying large sums of money, landlords can earn a regular income from their investments. However, of course, tenants cannot make any radical changes in the house as they cannot have all the rights of a property. On the other hand, landlords are responsible for all kinds of maintenance, repair and renovation that may occur in the property in question. Of course, it is also possible that they may encounter some difficulties such as tenant selection or problems that potential tenants may create.

What is a Lease Agreement?

The lease contract is a written contract between the tenant and the landlord to determine the rights and obligations between the parties and is obliged to protect the rights of the parties.

Here are the issues to be considered when making a lease contract:

 

It must be a written document

It is important that all agreements between tenants and landlords are in writing in order for both parties to have equal rights and freedoms. Care should be taken to avoid verbal agreements and to ensure that the responsibilities are clearly included in the lease contract.

 

Lease Period Should Be Included in Writing

Be clear about the duration of the lease. Issues such as the date the tenant will move to the property and the duration of the tenancy should be clearly determined. In addition, information on the condition in which the tenant should deliver the property at the end of the lease period should also be included.

 

Payment Terms should be specified

Rent, deposit price and payment terms must be specified. Information such as what penalties will be applied in case of delays and how the deposit refund will be collected should also be included.

 

Maintenance and Repair Needs

Situations such as the solution of property problems, which party is responsible for maintenance and repair services should be clearly stated on the contract.

 

Rules

The landlord or the rules according to the provisions of the apartment building, apartment or complex rules, pet policy, etc. must be notified to the lessor and approved by them.
 

Complete Inspection

Tenants should examine the property they will rent in detail and include any problems identified for the property in the contract. Including such situations in the lease contract is of great importance in order to prevent problems that may occur in the future.

 

Insurance and Responsibilities

Tenants should have their own belongings insured and in case of possible disasters or damage; it should be clearly stated in the lease contract who is responsible for which damage.

 

Rent Increase

In the lease contract, rent increase rates should be clearly determined. The increase should be made by taking into account the timing and rate of rent increase.

 

The lease contract is of great importance for the smooth solution of situations that may arise in the current or future periods. It is necessary to act in favour of both parties in the lease contract. And of course, the parties should carefully read the final version of the contract before signing the contract and sign it after reading it.

All these processes may seem challenging in themselves or you may be worried about preparing such documents. Of course, it would be best to get support from a corporate property consultant for such situations. 

On the other hand, there are many issues that those who start a new life in a new property by renting or buying will need. You can visit Proturk Property page to get information about all these issues and browse our blog posts.