Property Usage Specifications Your Rental Lease Agreement Should Clarify
All landlords have exclusive rights to mention usage specifications of their property to tenants, in the residential rental lease agreement, something which is the latter is bound to respect once the contract is signed. Overlooking the matter of usage specifications in the rent agreement often leads the concerned landlords to face unnecessary damages to their property or their individual interest. Here are a few such specifications that all new landlords must take into account while allowing individuals / families to rent their premises. Please visit this website for more info about lease agreement template.
Pet policies – Almost all families / individuals have pets these days. You, as a landlord however, have the right to allow or not allow pets altogether. You may also allow selective pets in your contract like cats, dogs, parakeets etc. while strictly rejecting dangerous or exotic pets like snakes, big cats, illegal pets etc.
Guest policies – Always mention guest policies in your simple lease agreement. Overcrowding of the premises for a prolonged period of time can lead to property damage and over usage of facilities like gas, electricity, water etc. This can have a huge impact on your expenses if you have chosen to pay for the same.
Subletting policies – If you check lease contract templates in general, that are available in top online legal sites, you will see specific sections on subletting policies that you have to fill without fail. Here, you may or may not allow your tenant to sub let the premises. If you do, always mention the terms and conditions including how much the tenant can charge for subletting and how much of the generated income should be given to you.
Putting up paintings and other wall décor – This may sound a little off putting to tenants, but landlords actually have the right to specify whether tenants are allowed to put paintings or other forms of wall décor within the rented premises. This is mainly because drilling holes in the wall etc, can damage or take away from the looks of the property and add to the expenses of the landlord at the time of repairing.
Conducting business from the property – Lastly, it works in favour of landlords to specify if the tenants can use the rented property for conducting home based businesses. If yes, you must specify what types of business you will allow and vice versa.
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