Whenever a person who owns a house agrees to rent it out to another person or party, then both the parties enter into a legal and formal arrangement which enforces them to remain within the boundaries of law during the term of the arrangement. This formal arrangement is more simply known as a contract agreement for rental house. A contract agreement for a rental house is made between a landlord and a tenant and defines the way the parties have to act during the length of the arrangement or association. For example, it defines how much rent will the tenant pay to the landlord and how the landlord holds the basic rights over the property.
A contract agreement for rental house is a formally drafted document which must consist of the personal details of the parties, the rental payment details, the details of the facilities offered to the tenant as well as the terms and conditions. The terms and conditions must define the date on which the tenant must pay the rent and how the landlord will have the right to visit the property. A contract agreement for rental house should be signed by the parties at the end.
Sample Contract Agreement For Rental House: