By signing a Landlord Contract , Rent payers and property owners enter into a legal binding agreeing to the terms and conditions mutually agreed upon to be followed during occupancy. Landlord Contract helps the property owner and dweller to understand the "do's" and "don't's" during tenancy. Although American state laws vary from each other, there is one point in common to this contract in all states: the clauses included should be fixed after joint agreement of both the signatories.
Landlord Contracts are either Lease or monthly tenancy contracts. Lease is for people who want possession of a rental unit for a considerably large amount of time. Lessor can't change the terms initially stated in the Landlord Contract without consultation with the Lessee. In case of a monthly tenancy contract, tenancy is renewable from time to time depending on need of both the parties. Although word of mouth ensures the trust factor, it is always safer to go for a written documentation of the contract as this helps to fight legally against either of the two parties, if need be.
Signing the Landlord Contract means accepting the terms and conditions stated in it. This means taking the onus of building maintenance as and when required, regular and on time payment of rental amount, making the property habitable and devoid of risks. Landlord Contract equally and rightfully distributes the responsibilities and rights of both the parties and requires them to follow the state law like sanitary laws etc. Any party failing to do so is liable to justify himself in court if sued by the other party.
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