Landlord Tenant Information: Important For A Good Relationship

People prefer to rent homes, flats or apartments instead of purchasing them

. Cost is the biggest factor which influences them to make the choice. Purchasing home is quiet expensive decision as comparison to rent. Many tenants are not aware about the paper work or documentation while taking a property on rent. Here, landlord tenant information plays really important role. It is important for both parties to sign agreement paper in order to make good understanding. Following are the important information for landlord and tenant:

Application Rental application decides whether landlord should rent out the property to particular tenant or not. This application form contains the details about the tenant, like, name, address, employer details, job, income, previous record, past history and many more. Landlord has complete authority to perform a credit check against the name of tenant. It is soft check and does not affect the score at all.

Rule and regulations Apartment rules and regulation forms is another important document. This document has a list of rules and regulation that are followed by tenant. According to experts, in order to dismiss any future disputes, tenant should read the document properly. Either party can make any changes in the documents after making a mutual decision.

Inventory Inventory form is important for those tenants who prefer to rent furnished home. This form keeps the complete details of every furniture, appliances etc. provided by landlord to tenant.

Eviction This is the most important landlord tenant information. Both parties are required to serve 1 month notice period or depending upon the agreement paper before leaving or ask to leave the property. An eviction notice can be served for many purposes, like not paying rent on time, breaking rules, connection with unsocial means and many more.

by: Borton Stevens

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