Do I need a written lease?

Do I need a written lease?

 

A good lease agreement is essential to the effective management of investment property and it helps to avoid disputes and disagreements during the course of the tenancy.

A lease agreement should cover:

  • The length of the tenancy
  • The rent and how it is paid
  • The deposit payable
  • Notice periods
  • What bills the tenant is responsible for
  • Who is responsible for grass cutting / garden maintenance
  • The number of occupants allowed
  • Are pets allowed?
  • Any restrictions on the use of the property
  • Special conditions e.g. the deposit cannot be used as the last month’s rent

It is important to ensure that any lease agreement used complies with the Residential Tenancies Act.

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