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Home Rentals

Home Rentals

Home Rental is a facility available in all places in the world. If you have money you can enjoy your life at any place. You may have a short visit or a long staying in a town; the rental homes can solve your accommodation problem. All most all the towns have rental accommodation for different level of people. You can get a rental home that fits to your budget. Generally, we do not prefer to spend a lot on buying house while in a short visit.

Benefits for rental home: Home Rental helps you not expense a big amount towards purchasing a home when you are shifted to any new place. It gives you no hassles for selling it when you leave the place. No extra burden comes to you when you are staying in a rental home. The rental amount can be adjusted in income tax also.

Rental home owner: Home Rental owner searches for a tenant and provides the home under some terms and conditions and make an agreement. They find a tenant by advertising. They register their name and address in a consultancy house. They consultant provides tenants and gets fee from the tenants or the house owners.

Single occupancy: House owners provide either single or double occupancy. That depends on the house size, number of rooms and space available. The single tenant has to obey the terms and conditions made by the owner. On violation of any term and condition, the owner may take action or can warn.

Double occupancy: If a tenant keeps a second person without the knowledge of the house owner, the owner brings it to the tenant's attention. If the owner wants to give two parties the option of either vacating or signing a new lease to include this to the other party. The house owner may allow the first party to keep the second party as occasional guest who can stay no longer than 7 days with a written permission. Or the rent can be raised for the second party, if the duration goes longer.

Tenant: Tenant is a temporary occupant for a house. The tenure is decided by the owner as per the standard rule mentioned in the state law. The tenure can be renewed by a mutual discussion. The agreement may be updated as per the new law and market. Tenant has to mention the tenure, number of persons to be staying, his/her age, address and permanent contacts etc.

Moving in a New Tenant: As a new tenant, you should have a walkthrough inspection before you occupy the house. Make small checklists of all facilities, individual necessities, family facilities, security, supplies, road approach, and distance from important places etc. Check all these facilities before make even the agreement. Make sure about the rent and date of payment in every month.

Payment: House owners’ intension is to get money against the rent of the house. This is a part/full income of a house owner. The tenant has to pay t he rent regularly to maintain the staying conformability and the terms. The tenants are also bound by that same lease even the new owner is not the one who signed it. If the tenants cannot pay rent they have to vacate the house. They do not have rights to stay in the house no more.

During a rental period, if the house is sold to another owner, the tenant has to pa y the rent to the new house owner. There should not be any confusion of paying the rent to the actual owner. The selling and purchasing should be happened in knowledge of the current tenant. The agreement paper should also be updated with mutual consent.

House Agreement: Whatever the duration may be, but the agreement is a mandatory for a rental home. After the physical visit and negotiation is done, the agreement paper is signed up by the tenant and the owner. The agreement paper should be signed by both of them in presence of witnesses. The conditions may be revised as per the current market. They amount of advance, monthly rent, deduction of amount against any breakage, damages etc. Generally, a landlord offers free rent for the 1st month of the lease or the last month of the lease.

Lease Vs Rental: The home agreement with the homeowner is signed for either lease or rental. The lease of the home agreement is done for a certain period decided by the homeowner or the tenant. Generally, the home lease term is considered for eleven months. For the lease the tenant has to pay total rent amount for the entire period in advance. In case of rental offer, the tenant has to pay the rent monthly. The tenant has to pay an advance amount towards a security deposit with the homeowner and gets it back when leaves the house.

Breaking Leases Agreements: There is no any stable law for a particular case for breaking of the house-agreement. This differs from state to state. Most of the states allow an owner a reasonable amount of time in which to re-rent the property. The reason of breaking the house-agreement should be opened to the house owner or to the tenant. So that both party can be prepared for the next. If the agreement says for a notice before sufficient time, then it would be fine for both parties for the next.

If the tenants do not pay rent on the specified day as well as the late fee, then the house owner can start eviction proceedings holding the tenant responsible. This may be a reason of breaking the agreement at mid-tenure.

Tenancy & Landlord Liabilities: The house owner has to provide all the facilities mentioned in the advertisement or verbal discussion. The owner should also clean, paint, repair any damages part before offer the key to the tenant. The owner should not make any fault in the house, which causes hamper to the tenant. Example: electrification, construction of wall, floor, roof, etc. The tenant should maintain the house with proper care. He/she has to follow the discipline and behavior what an owner wants. That will help both parties for a human relationship also.

Lead Health Hazards

Collections & Rent Control: Establishing Rent Due Dates

» Raising the Rent

» Rent Control & Monitoring

» Landlord's Repair & Maintenance Duties

» Implied Warranty of Habitability

» Meeting Your Legal Responsibilities

» Tenant Responses To Unfit Property

» Delegating Repairs & Maintenance to Tenants

» Adopting a Good Maintenance & Repair System

» Tenant Alterations & Improvements

» Eviction & Lease Termination

» Terminating Notices

» When a Tenant Breaks the Lease

» Tenant Violations of the Lease or Rental Agreement

» Violations of a Tenant’s Legal Responsibilities

»Tenant’s Illegal Activities on the Premises

» Illegal Evictions

Avoiding Charges of Retaliations

Tenant responsibilities: Whatever a rental home is concerned, there will be some formalities and responsibilities has to be obeyed by the tenant. During a staying of the tenant, he/she has to maintain some formalities behalf of the homeowner. Some daily activities like sanitation, civil, security services, community activities and building maintenance are to be done by the tenant.

Legal term and agreement: Before occupying the home there will be a written agreement between the homeowner and the tenant. The agreement conditions are discussed by both the party and make it fair on the stamp paper. A copy of the agreement is kept by the tenant for further activities. The agreement helps the tenant as his identity, residential proof and address proof.

Advantage of housed lease: When the home agreement taken place between the homeowner and the tenant, the full rent amount is paid at the same time by the tenant. The homeowner gets an assurance for giving the home as rental for a certain period. The tenant also gets an assurance against the hassles of change of home frequently.

Additional rental with a house: A homeowner provides additional property rental with the home such as vehicle (car, motor cycles), out house, parking space, guest room etc. Many homeowners want to provide properties demanded by the tent only with rental basis.

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