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What to Watch Out For in a Rental Agreement

6 min read

A well-prepared rental agreement protects both parties and reduces potential disputes from the outset. This article summarises the key points to consider at the contract stage. It is general information and not a substitute for legal advice.

Put It in Writing

A tenancy can technically be verbal, but a written agreement makes the rent, term, deposit and any special conditions provable. The parties' identity details, the property address and the start date should be stated clearly.

Deposit and Handover Report

The deposit amount, the conditions under which deductions can be made, and how it will be returned should be stated explicitly in the contract.

A handover report — with meter readings, existing damage and any inventory list — documents the property's condition on moving day and prevents disputes at move-out. Photographic records protect both sides.

Rent Increases and Term

Rent increases operate within the limits set by law and are subject to periodic regulation; any increase clause in the contract must comply with current legislation. Confirm the current legal framework for definitive figures.

The term, renewal conditions and notice periods for termination should also be clarified.

Professional Support

Selecting the right tenant, drafting a solid contract and managing the handover are the most demanding parts of leasing. The RE/MAX BOSS leasing service runs all these steps within a transparent framework that protects both parties.

This content is for general informational purposes and is not specific investment or legal advice. For information specific to your property, we recommend speaking with the RE/MAX BOSS team.

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