A rental agreement is a legal contract between landlord and tenant. This agreement contains various things like:Rent – In includes the amount of rent and due date of rent. It is the responsibility of tenant to pay the complete amount of rent before or on due date. It is duty of landlord to mention the both points in rental agreement to eliminate the any kind of future dispute. This agreement also contain the clause when and how much rent landlord can increased.
Security deposit – This legal contract contains the information about the security deposit. Landlord has no right to use the amount for any personal purpose. It is a refundable amount which has to return by landlord to tenant at time of eviction.
Damage – According to landlord tenant act, both parties should involve the amount of damage in rental agreement. For example what kind of damage tenant has to pay etc.
Rental agreement plays important role for landlord and tenant because these kind of legal agreement can reduce the probability of disputes between the two parties. Here, you can include the number of people allow in rented property.
Source:http://www.landlordtenantact.co.uk/rental-agreement-what-is-all-about
