10 important things to look for in Tenancy agreement

When signing a tenancy agreement, here are 10 important things to look for:

1. Rent and deposit amount: Make sure you understand how much rent you will need to pay and how much the security deposit will be.
2. Payment terms: Check the payment terms, including when rent is due, how to pay, and any late payment fees.
3. Lease term: Make sure you understand the length of the lease and any renewal options.
4. Responsibilities of landlord and tenant: Check what repairs and maintenance are the landlord’s responsibility and what is the tenant’s responsibility.
5. Rules and regulations: Check if there are any specific rules or regulations that you will need to follow, such as a no-pet policy or restrictions on noise levels.
6. Occupancy limits: Make sure you understand any restrictions on the number of people who can live in the property.
7. Utilities: Check which utilities are included in the rent and which ones you will need to pay for separately.
8. Subletting: Check whether subletting is allowed and if there are any restrictions.
9. Termination and renewal: Check the notice period required to terminate the lease and any renewal options.
10. Maintenance and repair procedures: Make sure you understand the procedures for reporting and addressing maintenance and repair issues.

By paying attention to these key areas of the tenancy agreement, you can ensure that you understand your rights and responsibilities as a tenant and avoid any potential disputes with your landlord. It is also a good idea to read the tenancy agreement thoroughly and ask any questions before signing to ensure that you are comfortable with the terms and conditions of the lease.