How to Write a House Agreement?
A house agreement is a contract between a landlord (homeowner) and a tenant who wishes to rent and have a tenancy in the landlord's house-for-rent. It could also be that the tenant would want to purchase the landlord's property once his/her tenancy period is fulfilled. There are a variety of house agreement types, it all depends on what were the terms agreed upon by the landlord and tenant, and how they reached an agreement.
Here in Template.net pro we have residential and house agreement templates that might be of use to you, especially if you happen to be a landlord. (e.g. Lease Agreement Template, Rental Agreement Template)
A landlord must do as best as he/she can to protect his/her property even if it's under the tenancy of a tenant. One of the ways to do that is to write an effective house agreement document or a property agreement. So without further ado, here are a few tips to write a house agreement document.
1. Choose an Appropriate Title
The title of the agreement must give a hint of who's involve or what's being negotiated on it. For example, if the agreement involves a Mr. Stark (landlord) and Mr. Parker (tenant), then you can name it "House Rental Agreement Between Mr. Stark and Mr. Parker".
2. Identify Both Parties
In this process, you'll be writing the complete names with titles, contact numbers, home addresses, email addresses, and other important contact info of the landlord and the tenant. The purpose of this is to easily contact both parties in case something significant happens regarding the basic agreement.
3. Elaborate the Terms
The terms are the most important part of the simple agreement. This is where the terms that were agreed upon by both parties are found. It primarily includes a specific date on when the agreement takes into effect. In other words, the date wherein the tenant officially begins his/her tenancy in the landlord's residential property. Then it's followed by other specific legalities of which they've also reached an agreement.
4. State the Amount of Payment and Its Due
This part of the sample agreement is the most crucial because it now involves money. Hence, emphasize it clearly to assure that the tenant is aware of the regular cost of his/her monthly tenancy, and when he/she must pay them. It's advisable to create a detailed breakdown of the cost in case the tenant will ask questions on how it added up.
5. Implement Grounds for Eviction
To protect the landlord's property and personal financial assets, grounds for eviction must be implemented. In many cases, the grounds for eviction are failure to pay monthly dues, intentional property damages, illegal activities conducted within the premises, and disturbance to other tenants.
Before letting both parties affix their signatures on the basic agreement, review or proofread it first from start to finish. Make sure that everything on it, especially the terms and payment, is facts from the face to face discussion of both parties.