Ultimately, when deciding on the appropriate number of people for your room, you must follow the provisions of the Fair Housing Act as well as bylaws and state laws. In addition to checking occupancy restrictions, the Building Officials and Code Administrators (BOCA) is a useful rule of thumb. This code uses square metres to determine the general rules for rent occupancy: a clause that clearly specifies who is responsible for periodic repairs to the property must also be included in your contract. As a general rule, small repairs to the property are taken care of by the tenant. While the specific content of the written agreement you have with your client may vary depending on the location or indication of your property, there will be in most cases a handful of key elements. Leases and leases should clearly identify all contractors and include all tenants or roommates, and if the rental unit is subject to occupancy restrictions. Rental premises should be identified and the document should also describe all available common areas and who is responsible for their maintenance. The agreement specifies whether it is a lease or a month-to-month contract, the amount of rent to be paid and the due date each month, the late fees that pay the fees, the rent of last month and the amount of deposit that the tenant must pay to rent the apartment. Not having a lease is like leaving Pandora`s box open. Ok, that`s a bit of an exaggeration, but in the corner. No tenancy agreement means that tenants and landlords remain vulnerable in the event of future litigation.

Some have often been seen as surprising effects, if you don`t have a lease, it`s — be specific. Tell your tenants where to send the rent and what are the acceptable payment methods (for example. B online or by personal check). You can also request an intermediate drop-off station or have a specified drop-off location. You should also indicate if you are willing to give your customers extra time for late payments. It is important to note all the late charges you want to charge in case of a rent delay or if the cheque is billed. If you are a landlord and you have a property to rent, it is important to have a written lease. If you and your tenant have ever had a dispute, your chances of getting a favorable result improve if you have a written agreement. For you, the landlord, this could mean that if one tenant does not find his share of the rent, the others can legally be held responsible for the payment of the entire amount.