Rental bond receipt template, Rental contracts are usually made between the landlord and tenant to avoid any type of dispute in future that may demand legal actions. Disputes and controversies frequently crop up in renting a home for domestic purpose or renting any commercial space.
Disputes can arise from trivial things and so a rental contract template may save both the renter and the landlord from unnecessary harassment. Maintenance charges, number of occupants, whether other facilities such as net, room heaters are provided or not, whether cooking is permitted, keeping pets are allowed or not, length of occupancy by the tenant are clearly defined in the contract template. The payment date for the rent and the clause for defaulters, mode of payment are all made clear in the template. If all of the requirements are clearly mentioned then both the landlord and the tenant will give another thought before breaking up the specified criteria and certainly will be extra careful to abide by the contract terms. General trend of people is to finalize the agreement through handshake, but in events of discrepancies a legalized document may be the tool for effortless solution.
Rental contracts only supply the documented version of verbal agreement which if required can be used for legal purpose. Verbal agreements are also legal but that cannot be enforced by law, as there are no witnesses in these arrangements and it becomes hard for the court to find out the truth.
Rental contract templates are sometimes available free but they don’t include all the clauses and might omit some vital points. It is much better to find a lease contract template by professional lawyer or purchase a set of contract forms written by professionals. Definitely the terms and conditions of the contracts vary from those of domestic function and industrial purpose.
There should be two copies of leasing contracts, a copy of which should be with both the renter and the landlord and must be duly signed by them in the presence of witnesses.
To cut short such contractual agreement also prevents misunderstanding and helps to keep a good relation between both the interested parties. Take a look the sample of rental bond receipt template below at the attachment page.