By - Money MaTTERS

Rent Agreement Essentials: 10 Clauses You Can't Afford to Miss

Ensure a smooth rental experience by including these 11 important clauses in your rent agreement

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Rent Amount and Payment Term

Clearly state the rent amount, due date, and accepted payment method

1

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Security Deposit

Specify the security deposit amount, its purpose, and conditions for refund

2

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Lease Duration and Renewal

Include the lease start and end dates, and terms for renewal or termination

3

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Maintenance and Repair

Outline the responsibilities of the landlord and tenant for property maintenance and repair

4

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Utilities and Bill

Define which utilities are included in the rent and how additional bills will be handled

5

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Subletting and Assignment

State whether the tenant can sublet or assign the lease, and under what condition

6

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Pets

Mention any restrictions on pets and the potential consequences for violating the policy

7

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Modifications and Alteration

Clarify what changes the tenant can make to the property and the approval process required

8

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Entry and Inspection

Establish guidelines for when and how the landlord can enter the property for inspections or repair

9

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Rules and Regulations

Include any specific rules or regulations, such as noise restrictions or parking limitation

10

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Termination and Notice

Define the notice period and conditions for early termination by either party

11

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