Crucial Terms Included by Lease Agreement Lawyer in a legal document

Lease agreement lawyer prepares a rental agreement, which specifies the rights and responsibilities of both parties -- tenant and landlord. The professional also helps with other issues related to lease and rent of a property, for residential and commercial as well.

One of the main tasks in this regard includes dealing with breach of commercial lease; it applies when the agreement rules are violated. The agreement is a legal document with essential business details, to be followed by both parties and signed in front of the judge.

The important terms that are addressed in the agreement include:

• • Name of tenants and landlords: An adult living or using the property on rent, whether they are married or single should be named as tenants, and generally all of them must sign the contract. Each occupant is responsible for paying the rent. If one tenant fails to pay the rent, the landlord can legally seek the other tenant for the payment of bills.

  • Rental description: It includes the complete address of property including building and unit number.

  • Tenancy term: Rental term generally includes a short duration, while lease includes longer terms. The start date, tenancy length, and expiry date is mentioned in the agreement.

  • Amount of rent: It includes the amount to be paid as rent in proper words. It also specifies the payment mode as well. It also states additional charges if a cheque bounces.

  • Additional deposits and fees: It includes the details of a security deposit, usage of deposits, recharge of deposits, when and how landlord would return the deposit and other non-refundable fees.

  • Legal entry in property: Landlord clarifies the right to access the rental property. It also specifies when it can turn into illegal.

  • Essential rules and policies: Landlords should clearly state the rules for no-illegal activity, smoking, and pets. Apart from these, other not-so-important rules can be included in the separate rule document.

If you require legal help with your property, feel free to connect with the leading legal advisers in your city and nearby areas. You can get in touch through the contact details as provided on the official website. You can book an appointment and have a detailed discussion.

Original Source: https://commercialpropertylawyers.blogspot.com/2019/12/crucial-terms-included-by-lease-agreement-lawyer-in-a-legal-document.html