Real Estate & Property Management


The rent or the lease agreement is the most important document that legally binds the landlord and the tenant through a contract. The preparation of this document is a must. It is important that this document is clearly prepared in an unbiased way in order to make sure that no issues will arise in the future. In doing this, there are a few important things that you will have to consider as a landlord.First of all, it is important that you collect documents and other proof about the tenant’s identity. Usually, the National Identity Card or such individual document would suffice but it is better to check other documents if you are leasing it out to a few people. Having a good lawyer is a must because the agreement should be written properly by them including terms and conditions given by you. It is important that you let the tenant know about your terms and conditions orally or through a mail before the day the agreement is signed as a courtesy.

When considering the document itself, it should definitely include all the parties that are entering into the agreement. It should further state their respective names in full along with their identification numbers given by the country’s government. If it is a tenant from abroad you can simple ask for his or her passport in order to refer to the number and include it in the agreement. It is also wise to keep a copy of the passport in such situation. Further, in the agreement you should also include the addresses of the parties. When creating an agreement regarding Townsville house rentals it is important to include the full address of the premises including the numbers of houses and the name of lane or road and etc.

The most important thing in a lease agreement would be the lease amount to be paid. It is important that the amount is clearly mentioned along with how it is being paid.

It is important to discuss with your tenants and inform them about the bills they will have to make payments for such as electricity, fixed phone lines and water. This is very important since issues regarding these payments can easily arise upon any misunderstandings. It is also essential that you mention that the tenants should have good communication with you regarding the rental properties. Any issues regarding maintenance, broken items and etc. should be informed to the landlord without any delay.The above things should be taken into consideration while preparing a rental agreement. Further, the agreement should be clearly printed and should be written with proper grammar in order to maintain professionalism. Click here to read more.