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August
3, 2009
Tips & Trends
From
Rory S. Coakley on some of the latest real estate news and
happenings.
Ten Terms to Include in Your Lease or Rental
Agreement
What
should be included in every lease or rental agreement?
A lease or rental agreement sets out the rules landlords
and tenants agree to follow in their rental relationship.
It is a legal contract, as well as an immensely practical
document full of crucial business details, such as how long
the tenant can occupy the property and the amount of rent
due each month. Whether the lease or rental agreement is
as short as one page or longer than five, typed or handwritten,
it needs to cover the basic terms of the tenancy.
Here are some of the most important items to cover in your
lease or rental agreement.
- Names
of all tenants.
- Limits
on occupancy.
- Term
of the tenancy.
- Rent.
- Deposits
and fees.
- Repairs
and maintenance.
-
Entry to rental property.
- Restrictions
on tenant illegal activity.
- Pets.
- Other
Restrictions.
Read
the Full Article Here >>
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Contact
Us
If you would like to suggest a topic for comment in one of
our future emailers, please let me know. You can always reach
me at rory@coakleyrealty.com
or by phone (301) 637-6207. I look forward to hearing from
you!
Rory S. Coakley Coakley Realty, Inc.
20 Courthouse Square - Suite 106
Rockville, MD 20850
www.coakleypropertymanagement.com
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