If you have finally considered finding a new tenant for one of your properties, there are a lot of tasks that are must be completed within time. From finding one of the trustworthy tenants to doing some market research to decide on the rental price, you are supposed to take care of few factors so that the whole process of renting becomes a smooth one, without any hassles. Now, one of the important considerations is creating the lease agreement for rental property. It is a legally binding contract that talks about the rights and responsibilities of both the parties. Verbal agreements are often miscommunicated, misused and forgotten, and hence the written one is mandatory these days. For more information about getting a rental lease agreement in Maryland, please visit this website.
But, before you start working on this, here are some of the myths regarding standard residential lease agreement debunked with relevant facts.
Property cannot be given for rent before signing the agreement
There is not a mandatory clause that says that you cannot rent out the property before the lease agreement is signed. It is basically up to the landlord to decide whether he wants to give away the property to the tenant before getting the agreement papers prepared and signed or not. The lease agreement is not a compulsion, rather a guideline to protect the landlord from any legal hassle later.
Only letting agents can draft the tenancy agreement
A complete misconception is that only letting agents can prepare and draft the lease agreement. Landlords have the freedom to download home rental lease agreement templates and landlord and tenant lease agreement form online from any leading website for free. There is no legal restriction that only agents can draft them, but definitely, you should follow the state laws while preparing it.
Tenancy agreement must be filled by professionals
You can seek the assistance of someone professional, but it is not mandatory that the landlord tenant lease agreement template must be filled by an expert only. You can download and fill it yourself.
Read another blog about custom agreements here at - https://custom-agreements.webnode.com
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