Rental deposit return letter template, Rental contracts are generally 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 house for domestic purpose or leasing any commercial space.
Disputes can arise from trivial things and thus a rental contract template can save both the tenant and the landlord from unnecessary harassment. Maintenance charges, number of occupants, whether other facilities such as web, room heaters are supplied or not, whether cooking is allowed, keeping pets are permitted or not, length of occupancy by the tenant are clearly defined in the contract template. The payment date for the lease and the clause for defaulters, mode of payment are 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 cautious 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 might be the tool for effortless solution.
Rental contracts only provide the recorded version of verbal agreement which if required can be used for legal purpose. Verbal agreements are also legal but that can’t be enforced by legislation, as there are no witnesses in such arrangements and it becomes hard for the court to find out the truth.
Rental contract templates are sometimes available free but they do not include all of the clauses and might omit some vital points. It’s better to find a rental contract template by professional attorney or buy a set of contract forms written by professionals. Certainly the terms and conditions of the contracts differ from those of national function and commercial purpose.
There must be two copies of rental contracts, a copy of which must 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 arrangement also prevents misunderstanding and helps to keep a good relation between the two the interested parties. Take a look the sample of rental deposit return letter template below at the attachment page.