Clauses in a rental agreement

The clauses in a rental agreement can vary depending on the laws and regulations of each country or state, as well as the preferences and agreements between the parties involved. Below are some common clauses that are often included in a rental agreement:

Identification of the parties: The personal or business information of both parties, i.e., the landlord (owner) and the tenant (tenant), will be included.

Property description: The address and characteristics of the property being rented will be detailed, such as the type of housing, number of rooms, size, services included, among others.

Duration of the contract: The start and end date of the rental agreement will be established. It may also include information on the possibility of renewing the contract or establishing a notice period for its termination.

Price and payment terms: The amount of the monthly rent will be specified, as well as the form and term of payment. Terms related to the payment of additional services, such as water, electricity or gas, will also be mentioned.

Security deposit: The amount of money that the tenant must give as collateral in case of damage or breach of contract will be established. It will also indicate how and when the deposit will be returned at the end of the contract.

Landlord Obligations: The landlord's responsibilities and duties will be listed, such as performing repairs and maintenance of the property, providing basic services, ensuring habitability, etc.

Tenant obligations: The tenant's responsibilities and obligations will be detailed, such as paying rent on time, keeping the property in good condition, respecting the rules of coexistence, etc.

Sublease or assignment clause: It will be stated whether the tenant is allowed to sublet all or part of the property or assign the contract to another person, and under what conditions.

These are just a few of the clauses that a contract must present. Signing a rental contract through a real estate agency has certain advantages, since the real estate agent usually has a backup of legal advice with his agency for the review of contracts, ensuring protection and experience in drafting them.