Tenancy Agreement for the lease of residential property with options on rent free period and early termination. The term is generally less than 3 years. The Landlord appoints a representative / manager to manage the property on its behalf. This is drafted in favour of the Landlord.
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This document is a tenancy agreement between the landlord, tenant, and representative. The agreement outlines the terms and conditions of the lease, including the rental period, rent payment, and responsibilities of both parties. The document also includes provisions for termination of the tenancy and restrictions on the tenant's use of the premises. The agreement specifies that the tenant is responsible for maintaining the interior of the premises and paying for utilities, while the landlord is responsible for keeping the premises in good repair. The document also includes provisions for the payment of a security deposit and the landlord's right to deduct from the deposit for any damages caused by the tenant. The agreement further states that the tenant is not allowed to sublet or assign the premises without the landlord's consent. The document also includes provisions for giving notice and serving notices between the parties. The agreement concludes with a schedule that lists the furniture and appliances included in the rental property, as well as any additional renovations agreed upon.
1. Read the entire tenancy agreement carefully to understand the terms and conditions.
2. Provide the required information, including the names and addresses of the landlord, tenant, and representative.
3. Specify the rental period and the start and end dates of the tenancy.
4. Determine if there is a rent-free period and the conditions for eligibility.
5. Agree on the rent amount and payment schedule, including any additional charges for utilities.
6. Pay the required deposit within one business day after signing the agreement.
7. Understand the responsibilities of both the landlord and tenant, including maintenance and repairs.
8. Comply with the restrictions and prohibitions outlined in the agreement, such as not subletting or causing a nuisance.
9. Follow the procedures for termination of the tenancy, including giving notice and delivering vacant possession.
10. Keep a record of rental payments and request receipts from the landlord or representative.
11. Inspect the premises upon move-in and note any defects or damages on the inventory and condition form.
12. Obtain the landlord's written consent before making any alterations to the premises.
13. Comply with all laws, regulations, and rules related to the premises.
14. Notify the landlord of any damage or unsafe conditions and allow access for repairs.
15. Keep the premises clean and in good condition, and promptly report any necessary repairs.
16. Dispose of garbage and refuse according to the landlord's instructions.
17. Refrain from using the premises for illegal or immoral purposes.
18. Allow the landlord to conduct viewing and inspection visits with reasonable notice.
19. Obtain appropriate insurance coverage for personal possessions and liability.
20. Understand the process for termination of the tenancy and the return of the security deposit.
21. Serve notices in accordance with the specified methods and addresses.
22. Seek legal advice if there are any disputes or concerns regarding the tenancy agreement.