Before signing the Tenancy Agreement, the landlord and tenant need to fully understand the information in the contract to ensure their rights and avoid possible disputes in the future.
Drafting lease terms is one of the most important steps in the tenancy process. Tenants often find it difficult to fully understand all the terms of a lease. For that reason, the following article will help tenants know 4 absolute notes to remember before signing the rental agreement.
Note 1: Be on the lookout and protect against fake landlords
When reviewing the lease, make sure you have all the information of the landlord (usually party A). If you have extra time, double-check the landlord's legal documents to prove the home is theirs. In this case, you should ask the landlord politely and tactfully, they will surely be happy to tell you all their information as well as their ownership papers about the house.
In addition, when reviewing the contract, you need to understand the terms related to the rental as follows:
● Lease term (yearly or monthly)
● Tenant start and end date
● Points to pay attention to before the contract end date
● Does the landlord intend to continue renting the house at the end of the lease?
● Is there a “break-out clause” that allows the parties to terminate the contract after a certain period due to the occurrence of incidents?
● How much is the rental deposit and how to get the deposit back after the contract is terminated?
Note 2: Assessment of the quality of the house
Since your home will be a place where you will stay for a long time, careful consideration should be given to it. When renting a house, what should you pay attention to if you have come directly to the house? You can observe or find out the following information:
● Is the floor higher or lower than the street level? Lower floors are likely to increase the risk of flooding. Ask the host of people around if the area is affected by high tides.
● Visiting at noon will help you know if the house is a cool place or a hot place. If the house is too tight, how will the solution be?
● A toilet is an important place. Observe if the toilet is clean, the drainage system is good.
● See if the wall of the house is cracked or not? Electric sockets, fans, light bulbs, faucets, door locks,... also need to be carefully considered. If damaged, it is necessary to notify the owner to fix it before receiving the handover.
● Drinking water needs to be clean and stable. If there is a strange taste or smell you need to pay attention.
● Are the interior equipment (if any) in the house damaged, if damaged, ask the landlord to repair it.
It is your right to have a home inspection done before you move into a full-fledged home. You should not skip this check this is a good whole house rental experience for you.
Note 3: It is important to know if the house is under a mortgage or in dispute
In addition to checking the landlord's information and the amount of the payment, the tenant should also check to see if the house they want to rent is mortgaged at a certain bank. If so, be sure to ask the landlord if the bank will allow the house to be rented out. Usually, the mortgage agreement often states that without the bank's approval, the house cannot be used for rental purposes. If the rental is not approved by the bank and the landlord stops paying the mortgage, the tenant will lose the right to rent when the bank revokes the ownership of the house, in addition, the tenant is likely to initial deposit will be forfeited.
Note 4: Pay close attention to the terms related to the deposit and the contract termination procedure
Termination clauses are one of the issues many tenants overlook and don't pay close attention to. Surveys from experts show that, in the current market, landlords only accept tenants for a long-term period of more than 1 year. To rent a house, tenants must put down a deposit (usually 1 to 2 months rent) to the owner for a long-term lease.
Sometimes some landlords will make things difficult and use all sorts of excuses not to pay a tenant's security deposit. But don't worry, there are many ways for you to get your deposit back before the deadline. Here are a few suggestions we'll give you.
Notify your landlord on time when you want to move
Usually, before a tenant wants to move, landlords usually require 15 to 30 days' notice to them in advance. Make sure you do this correctly. Don't drag on for a few more days because the landlord may take more money from you or use that excuse to deduct your deposit.
Return the house to its original position
If you hang pictures, clothes hangers, or TV... on the wall, it will definitely leave holes, so you need to re-fill these holes and repaint the original paint color. In addition, all furniture in the room owned by the owner such as beds, cabinets, air conditioners, tables, and chairs... need to be put back in their original position. If you don't remember where they are, review the pictures you took the first day you moved in.
Clean the house
Before returning home, you need to get all your damaged or discarded furniture out of the room put them in the trash. Do not leave any property in your possession there. This is essential because in some places the landlord won't count you as moving if you still have things in the room. Not only will you not be able to get your deposit, but the landlord may use an excuse to force you to pay extra rent while you have not moved them out.