Rental inventory checklist template, Rental contracts are usually made between the landlord and tenant to avoid any sort of dispute in future that may demand legal action. Disputes and controversies frequently crop up either in renting a house for domestic purpose or leasing any industrial 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 amenities like web, room heaters are supplied 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 lease and the clause for defaulters, mode of payment are made clear in the template. If all the conditions are clearly mentioned then both the landlord and the tenant will give a second thought before violating the specified criteria and certainly will be extra cautious to abide by the contract terms. General trend of individuals is to finalize the arrangement through handshake, but in events of postings a legalized document may be the tool for effortless solution.
Rental contracts just provide the documented version of verbal agreement which if required can be used for lawful purpose. Verbal agreements are also legal but that can’t be enforced by law, 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 don’t include all of the clauses and might omit some critical points. It’s much better to find a rental contract template by specialist lawyer or buy a set of contract forms written by professionals. Definitely the terms and conditions of the contracts differ from those of national purpose and commercial intent.
There should 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 maintain a good relation between both the interested parties. Take a look the sample of rental inventory checklist template below at the attachment page.