Category Housing Law

Key points in brief It is better to conclude a residential lease agreement in writing, even if the landlord offers to “agree verbally”. Be sure to specify: the parties, the address, the term, the amount and procedure of payment, the deposit amount, and the termination conditions. Record the condition of the property and belongings at move-in (an inspection act, photos), this protects against groundless claims. A lease agreement for a term of three years or more is subject to notarization. A written agreement protects both the tenant and the owner: it makes the arrangements clear and provable. Renting housing “on friendly terms”, without an agreement, often ends in conflict: either the deposit is not returned, or the owner asks you to move out within a few days, or the tenant damages the property. A written agreement removes most of these risks. In this article we explain what a residential lease agreement should contain and what to pay attention to before signing. This material is for informational purposes. In a specific situation, the terms should be agreed upon taking your circumstances into account, together with a lawyer if needed. Why you need a written agreement Verbal arrangements are hard to prove. If a dispute arises over the amount, the term or the return of the deposit, without a written agreement each party will claim its own version. A written document records the arrangements clearly and serves as evidence. This is in the interest of both parties, not only the owner. What must be set out in the agreement Parties. Full details of the landlord and the tenant. Object. The exact address and description of the housing. Term. The period for which the agreement is concluded. Payment. The amount, date and method of payment. Deposit. The amount, grounds for retention and procedure […]