Know your Rental Contract – online advise

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It is easy to get tripped up when it comes to a rental contract because the contract itself is normally an enormous document that might not make sense to someone that has not studied law or real estate. A rental contract is a formal or law abiding document that shows an agreement between two parties, the lessor and the lessee which defines the particular dwelling, the state it is in and for how long and for how much the lessee will be occupying said dwelling for. When searching for houses or flats to rent it is the lessee’s responsibility to check and double check the document to make sure they have a correct understanding of the contract so that there are no misgivings after the agreement is signed.

The rental contract may disclose a required bond, usually 2 weeks rent plus two weeks in advance to secure the property. The contract may also include the costs of utilities such as water, power, gas or cable to be paid by the lessee each month. Some contracts have utilities built into the price though this can be a disadvantage to people who live cheaply because the utilities are designated at an average cost per month, not the cost that the person may interpret. This means that if a single person moves in to a house or flat and does not use a lot of water or electricity then the contract will not work in their favor. Though if a family move into a house or apartment that is a snug fit and uses great quantities of utilities then the contract may be worth their while and save them money on further costs.

Often the rental agent will require holding inspections usually every 3 to 6 months. They may not appear at any time unless specified and agreed with the tenant which is specified in most rental contract policies. The agent must first ask to house the inspection before it takes place to give the tenant time to prepare for the inspection. A lump sum rental contract is the payment of the lease completely in advance. This also has its pros and cons such as once the money is paid there is often no going back on the rental agreement. However if you are in a position to pay in advance then you will not have to pay weekly, fortnightly or monthly which could save you money in the long run. Often a lump sum rental contract can be cheaper than paying in set amounts.

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Frequently Asked Questions About Rental Contracts

Filed under: Rental Contract - 25 Mar 2013  | Spread the word !

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A rental contract is a legal document that needs to be signed by anyone who finds himself in such a situation. Rental agreements can take a wide range of forms. However, a rental contract should include all basic facts regarding the arrangement between the two parties. Acceptable behavior, costs, responsibilities, everything should be listed in the rental contract. Potential price changes should be mentioned in the contract, as well, for the tenant to know from the start what he is signing and for the owner to be certain that there will be no misunderstandings when it comes to payments.

Below you will find a list of the most frequently asked questions when it comes to rental contracts. By learning their answers you will actually be able to make a better deal when renting a property, avoiding risks and issues.


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1. Which are the main types of rental contracts?

There are numerous types of rental contracts that can be signed today. The most common such agreement is known as the month-to-month tendency. Under the terms of such a contract, the tendency is valid for 30 days at a time. This means that both parties that sign such a deal have the possibility to terminate the agreement with one month notice. Such a contract will provide both the landlord and the tenant an increased flexibility. Another type of rental contract is the lease. This an agreement for one to five years, offering security. Each type of rental contract has its benefits or disadvantages, this is why it is better to choose the one that best matches your personal needs.


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2. How to write a rental contract?

If you have never been in a renting situation before, creating a rental contract may seem quite difficult. Still, you should know that even though this is an important document, it is not that complicated to write. You will have to include in the contract information about the landlord, tenant and property. List all that needs to be mentioned regarding payments, the sum which needs to be paid each month, the moment when payments have to be made, as well as which are the responsibilities of both parties.


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3. When to sign a rental contract?

Both tenants and property owners should make sure that they know exactly what they get into when signing a rental contract. This is why both parties should read carefully the contract before signing it. In case there are certain misunderstandings or things you feel that should be clarified, you can talk them through. Understand all rules and sign the deal only if you agree to them.


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4. How to cancel a rental contract?

In some situations, people can find themselves in the need of canceling a rental contract. It doesn’t matter if the contract is terminated by the owner or the tenant. Rental contracts may have a specified period of time during which they are in effect. In case you need to leave the property sooner or you want your tenant to leave, you should first check the contract and read what you agreed upon for such cases. Most likely, you will have to complete a termination agreement and wait for a period of about 30 days until this choice will enter in effect.


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Renting a home for you and your family, or on the other hand renting out a property you have to make some money, may be a great idea. Just be careful and you will surely be able to make a great deal.

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How To Draw A Right Rental Contract

Filed under: Useful Information - 13 Nov 2012  | Spread the word !

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Knowing how to draw up a rental contract, will help you avoid many problems. No matter if you’re renting out an extra room in your flat or an entire house, you have to know how to draw up a rental contract to protect your property and to save money.


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The next instructions are a must:

Buy a standard rental contract from a retail office supply stores or online. This way, you’ll know what is required and what you need to pay attention to and to fill out.

Think about how you’ll alter your rental contract. Each property is unique, so you have to take into consideration all its features. To be easier for you, take notes as you read through the form contract related to how you want to change it in order to cover your rental property.


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Make sure the rental contract is clear and comprehensive. Yes, it’s a legal document, but it still may have some flaws. Thus, you have to include all conditions in it or lease agreements such as:

• Length of rental agreement
• Monthly rental fee
• Move in date
• Utilities
• Maintenance of the property, surroundings and lawn
• Late fees per day and the date when rent payment is considered to be late
• Extra visitors
• Pet conditions and deposits
• Length of rental agreement (6 months, 1 year, so be specific)

You may need to include other details, as well, so you have to analyze things very well and see how you can change the contract. Add terms and details that are necessary to cover your unique rental property and terms.


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After you have the rental contract ready, save a copy of it on your computer, open the file and then save a new file for each property or for each tenant you have.

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What Should a Rental Contract Include

Filed under: Useful Information - 11 Oct 2012  | Spread the word !

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A rental contract is the basis of a lease agreement between two parties. There are many people who have been scammed through contracts of this kind and that is why you have to pay attention to the terms of the contract and to the information provided.


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Here are the main information lines that you should pay attention to in the contract:

  • names and addresses should be provided from both parties, in order to have access to each;
  • rental property information should include the address and all the other relevant details of the rental;
  • term of rental includes the period in which the property is leased;
  • rent is set in the contract and should be stated as a fixed amount, that will not fluctuate;
  • deposits and fees should also be stated, as you usually have to pay a deposit for the lease, that will be returned at the end of the lease;
  • rental conditions refer to the state in which the property is found at the moment of the lease;
  • repair and maintenance responsibilities must be set in the contract, as it must be understood which one of the parties will be in charge of these activities;
  • restrictions for both parties should be set in the contract. For example, it should mentioned the conditions under which the landlord is allowed to enter the property, while the tenant should be restricted in the number of people housed and maybe even on pets, depending on the wishes of the landlord;
  • termination grounds are established for the moment in which the term lease will end, whether these are before the term or at the term.


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These are just some of the main ground elements that should be included in the rental contract, so that both parties will have their advantages and their obligations clearly stated. It is important to understand that this is a legally binding contract and that any violation of it can lead to legal actions of all kinds.

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Costume Rental Contract

Filed under: Rental Contract Types - 26 Sep 2012  | Spread the word !

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Dressing up for Halloween, school plays, holidays, festivals and costume parties is so much fun. People worldwide love playing dress up, especially on special occasions like the aforementioned ones. Typically, people would rent the preferred costumes from traditional rental stores and return them when specified. In the recent year, with the Internet becoming an integrated part of our lives, many people have started to rent their costumes online.


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Regardless of the case, there is one important aspect to consider: the rental contract. If you do not pay attention to the costume rental agreement, it may spoil all the fun and ruin the mood. Renting a costume may seem all fun and play, but without a comprehensive costume rental contract, you may find yourself in a house of horrors. 


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A costume rental agreement may have the all kinds of conditions and specifications, which you will automatically agree to once you sign it. Examples of such conditions include:

  • The rental charge is to be paid in full before the item is picked up.
     
  • A credit card number is required on all rentals as a security deposit; the card must be issued in the customer’s name.
     
  • Damages to the rental costume will be charged to the customer.
     
  • The item must be returned on the hanger provided by the renter and in the same condition as it is received; missing hangers will be charged.
     
  • Once the item has left the store there will be no refunds.
     
  • A one day rental requires that the item is returned the next day the store is open or late charges will apply.
     
  • 24 hours notice of cancellation is required; otherwise, full charges are due.
  • The rental company assumes no responsibility for accidents or injuries caused by the use of any rental item.
     
  • All charges due will be charged to the renter’s credit card, unless other payment is provided.
     
  • Pre-booked rentals require a non-refundable deposit that will be applied to the rental cost.

When signing a costume rental contract, make sure you read all the terms and conditions thoroughly, including the small print. Otherwise, you might come across some unpleasant surprises that will significantly affect your budget. Reading the contract will help you understand the cost, period, maintenance expectations, fittings, return, risk assumption, and late penalties regarding the rental costume.

In the video below you will see a comprehensive guide regarding costume rental agreements, including instructions to assist you in preparing such an agreement. You can find this type of costume rental contract here.

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Cheap Accommodation All Around The World

Filed under: Rental Contract - 30 Aug 2012  | Spread the word !

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If you would love to travel, but you consider you don’t have enough money to do it, you need to rethink the whole travelling issue from a totally different point of view. Fortunately, the economical crisis also has its perks. Maybe you didn’t think about these, but for budget travelers, the recession is a blessing. Thanks to the share trend which was adopted all around the world, now you can pay a small sum of money to crash in someone’s apartment in any place you would like to visit. Airbnb is one of the websites on which you can sign up and see different offers for cheap accommodation all around the world.

The system is very simple: anyone (even you if you want to make some money out of your place) can offer to rent a room or more for those who travel and need a cheap place to sleep. Through this method, you can find great accommodation which doesn’t cost as much as that in a hotel. The offers are very variate and you can find the one that is perfect for you. Of course, you can find expensive spaces, too, but you can also choose someone really cheap. 


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You need to set up the parameters of your search and you will receive a list of all the places available for rent. In the first place, you need to fill in a simple form on the homepage of Airbnb with the city and the country you want to find accommodation in, the check-in and check-out dates and the number of guests. After you hit Enter you may choose other options, too, like the room type, the price, the neighborhood and the facilities you want to have. You may also type keywords to narrow the search.


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After you decide on the best accommodation space for you, you need to contact the person offering it with a short description of you – why do you want to rent that place, what is the purpose of your journey or any detail that seem necessary for you to mention. This way, the owner of the place can decide if he will accept to host you or not. As there is no rental contract, communication is very important in establishing a connection. If the person you talk to gives you a positive answer, you need to apply for renting the place. Once he will approve your request, the money will be withdrawn from your credit card. 

Through Airbnb you can travel all around the world and find cheap accommodation anywhere. All you have to do is to dedicate some time to find the perfect place for you. And if you like this idea, you could also make money out of it, by renting your own place in return.

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Stay Away Of Vacation Rental Scams

Filed under: Rental Contract - 18 Jul 2012  | Spread the word !

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A vacation is probably the thing you dream about for a whole year, so when you are given the chance to actually have it, you need to make sure that your money are invested in a safe and good holiday plan. If you want to make your holiday on your own and skip paying for the services of a tourism agency, take your time because you will have a lot of options. Browse the Internet and check the most appropriate offers for you and for your family. You need to ensure the transportation: by car, train or plane and the accommodation before leaving home. If you plan on traveling with the car, it is really simple, if not, check for early bookings or wait for last minutes for train or plane tickets.


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The major problem is the accommodation. It is hard to sign a rental contract over the Internet with someone from a different locality or even a different country. This is why you need to make sure you are not scammed. When you find the place you want to rent, check on the Internet if it really exists. In cases like this, Google is your best friend. There are many sited dedicated to traveling where you can check the location you want to rent. And here is what you have to pay attention to if the place exists in reality:

  • See what other hotels, hostels or motels are in the area and check their prices, because you may be in the danger of paying way too much for your accommodation. You need to compare the prices of what you have found with those of other locations in the area.
  • Read the reviews that other people post online. This way you will be able to learn the honest opinions of those that already traveled in the same place. You will not only find a lot of details about the accommodation, but also about the whole area and you will be able to contact those that wrote the reviews and to communicate with them for further details.
  • Check the pictures of the place you want to rent in your vacation. These should be detailed enough for you to form a clear opinion on the place.
  • Pay with a credit card. If something happens and you are scammed, you will be able to press charges.
  • Make print-screens of the description of the location and of the transaction. If the site on which you found the place is modified exactly when you do the payment and you will be charged more, you will need proof of the original price you saw.
  • Search the address of the location on the map to see if it really is where it claims to be. You might have the surprise to see that “close to the beach” means at 4 kilometers from the beach, for example.

To understand how serious this problem is, watch just one of the many reportages centering people who were scammed after trying to rent a place for their vacation without signing a rental contract and without making sure first that the place really exists and it is exactly as advertised.

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Information on the Car Rental Contract

Filed under: Rental Contract - 28 Jun 2012  | Spread the word !

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If a trip is coming up in the near future, taking the time to plan it properly is a good idea. This is because there are numerous details that need to be taken into consideration for your staying to be as pleasant as possible. Besides booking the flight and finding the right accommodation, you should also take the time to find a great car rental service. With the Internet being at the tip of your fingers, booking a rental car is easier than ever. Once you go online, you will find numerous car rental websites that offer helpful comparison tools you can use in order to find the best deal. You just have to enter the required travel information and then you will be redirected to a page where all the car rental companies in the selected location will be displayed.

This means that you can compare and contrast car rental models and prices all you want until finding the most suitable offer for your needs. After finding it, booking it in advance will give you the guarantee that you the car you want will be available when you arrive at the destination. You might also be provided with early booking discounts. Regardless of the service that you choose, you must be very careful at the car rental contract. This contract is a car rental agreement that usually includes restrictions on the way you can use the car. The condition in which it must be returned may also be included in the contract. For instance, there are certain rental cars that cannot be driven off-road. Some car rental companies may also restrict you to only drive the car within country limits, which means that you cannot drive it on foreign grounds.

The car rental contract will always require you to show your driver’s license, as well as the option of purchasing vehicle insurance. Since most car rental companies only allow a single person to drive the car (the one signing the contract), you should also take into consideration the multiple drivers option. You may even be required a bond payable in case you do not return the car in order. Additionally, the car rental contract may also include added fees for late returns, drop-off date and location, previsions for making a non-refundable deposit with a booking, and damages or fees information. This is why it is very important for you to carefully read the contract before signing it.

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Check The Rental Contract With A Lawyer Before Signing It

Filed under: Rental Contract - 10 Jun 2012  | Spread the word !

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Moving in a new home is a great step in your life, especially if you do it for the first time on your own. And if this is your first experience of this type, you should be very careful, because there are many involved in scams who would not think twice in taking your money for nothing, letting you without a home and with no finances. The rental contract you will sign is very important and you need to pay a lot of attention to it. Do not let yourself fooled and read it carefully even if it is long and boring. The best thing you could do would be to check it together with a lawyer. This would involve more spending for you, but still, it is very important to make sure that you sign a fair and legal document that will not harm you in any way. You should find a lawyer through recommendation, so ask your friends who already know someone or your family if any of your relatives know a reliable person and could help you in this matter.

Even if you will have extra spendings with your moving thanks to a consultation or more with a lawyer, you should not get stingy about it and invest this money. If something is wrong, you will actually save, rather then splurge with the lawyer. Only such a person can discover if something is wrong in a contract or if you would be obliged to sign for illegal clauses. Make sure that everything is OK with your contract and do not sign it before you have the green light. The approval of the lawyer is very important, as this is the confirmation you need that everything is in order.

Before handing the contract to him, you need to have a talk and to explain to him on what terms and conditions you agreed with the owner of the house or flat that you are planning to rent. This way, he can search for the clauses that disadvantage you in the rental contract or for those through which you would be compelled to pay more money than you agreed to. Talk to the lawyer and ask all the questions you have, because he is the only one who can explain you all the details of the papers you are ready to sign.

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Before Signing The Rental Contract

Filed under: Rental Contract - 09 May 2012  | Spread the word !

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A rental contract is an important document that protects the interest of both parties, the owner and the lodger. The monthly bills, the rent, as well as many other details are all mentioned in the rental contract. The lodger has to carefully read the rental contract to spot the requirements or the terms which are in his disadvantage. The utilities, keeping the apartment clean are all important details. The sum of the rent and the utilities and the guarantee sum you have to pay have to be very well calculated before signing the rental contract. This will keep the lodger away from a lot of troubles. The house has to be kept in good condition. In case something is out of order, he has to announce the owner.

The both parties have to come to an agreement that will be in their advantage. Nonetheless, in case the potential lodger considers the rent costs too much, he has to say this before signing the rental contract and try to negotiate it. He has to be aware that the owner doesn’t usually want to decrease the price, so he will have to find great arguments to convince him and explain him why it would be better to offer a more convenient price.

The previous lodgers may have broken something, so everything in the house has to be checked to see if it works. This can be a good argument for a lower price. Or, in case major damages are discovered in the house before signing the rental contract, the lodger would better give up and look for other place to stay. The rooms have to be ventilated and the area has to be peaceful. A rental contract can make a lot of problems, so the lodger has to make sure there is nothing to worry about. Before signing in, he has to ask all he doesn’t understand. A rental contract should help him, not make troubles. He has to talk to the owner and all the doubts have to be clarified in time if he doesn’t want to have problems.

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The Right Rental Contract

Filed under: Rental Contract - 06 Apr 2012  | Spread the word !

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Renting a home or an apartment gives anyone the possibility to have his own personal life or to live with the person he loves. It is an important step in someone’s life. To make this event a nice memory, it is important to read and analyse as it should be the rental contract. The rental contract is an important document that will make you troubles or, on the contrary, it will be in your advantage. Nonetheless, a good rental contract has to satisfy the both sides: the owner and the lodger. A rental contract includes important matters such as the price of the rent, the time when it will be paid, the guarantee, but many other aspects.

The rental contract includes things about the furniture, devices, as well as anything else that is valuable and may be damaged. The lodger has to read carefully the rental contract before signing it. He has to be sure that is able to do all these things. The rental contract will also stipulate when the lodger has to pay the monthly bills and announce the owner if there is a damage. The owner is interested in keeping his home in the best condition possible. Plus, he is looking for reliable people that will pay the rent, the bills and will keep the home in a good condition, too.

The rental contract can be clenched for an established period of time or not. Nonetheless, the lodger has to announce the owner a month before that he wants to move. This is very important for the owner as he will have enough time to find other lodgers and will not lose money. Unfortunately, many people do not read carefully the rental contract, then have problems and are not satisfied with what they chose. In case they do not understand something, should ask or negotiate with the owner. Perhaps they will agree and will find a way to advantage both. A lodger has to also know how much will cost him the monthly bills, apart from the rent. This allows him to calculate his budget and figure out if he is able to pay that sum of money.

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