TENANCY AGREEMENT

A tenancy agreement is a legally binding contract between a landlord and tenant outlining terms of property occupancy, including rent, duration, and responsibilities. It covers details like security deposits, utility payments, maintenance, and termination procedures. Properly drafted, it protects both parties by detailing rights and obligations.

tenancy

Elements of a Tenancy Agreement

  • Parties Involved: Full names and contact details for both landlord and tenant.
  • Property Details: Address and description of the rented premises.
  • Term: Start and end dates of the tenancy, or if it is periodic (rolling).
  • Rent: Amount, due date, payment method, and details on rent increases.
  • Deposit: Amount of security deposit (or “bond”), where it is held, and conditions for deduction.