To help you we have added here a free rental contract template for you. A contract between a tenant and a landlord to use the building of the landlord for residential accommodation is known as rental contract. A rental contract is drawn for a period until when the tenant is expected to occupy the building. The contract may require the tenant to pay advance money as security deposit to the landlord which the landlord can use to set off any damages caused by the tenant during his stay. The contract will lay down the terms and conditions regarding the payment of rent, the due date and mode of payment. The rental contract has to be signed by the landlord and the tenant with a witness present when it is being signed. The contract become effective from the day it is signed or the day when the tenant takes accommodation of the property whichever is earlier.
A rental contract may be fixed term of for a periodic term. Under a fixed term rental contract the tenant has to stay in the property for the entire term of the contract. The rent may also be increased by the landlord during the period of the contract. Under a periodic term contract a tenant can vacate the premises as and when he desires without having to pay any rent for the future period. However, all outstanding rent dues have to be paid in full.
Get Free Rental Contract Template:
Download rental contract template from here for your reference