A well-thought-out rental agreement is explicit, with thorough expectations that outline rules for pets, rent amount, acceptable use of the property, grounds for eviction, and more. Rental agreements protect the owner-renter relationship, and none of them can change the contract without mutual consent.

What should a rental agreement include and specify?

Rental agreements require specific information. Here are the main requirements:

1. Names

The agreements consist of the names of signers as written in their legally valid ID. 

2. Rental terms

The agreement should specify the length of the validity of the rental agreement. There should also be a section to explain what will happen when the deal expires. The terms of the rental agreement are essential to protect both parties.

3. Rent, deposits, and fees

The rental agreement should identify the agreed-upon monthly rent, security deposits, and other fees. Late charges for rent paid past the due date might be mentioned here.

4. Maintenance and repairs

The property owner should outline what they will cover under maintenance and repairs. The contract should indicate what the renter requires to pay for maintenance and repairs.

5. Notes on illegal activity

The agreement should emphasize that the property owner will not tolerate any illegal activity in violation of federal laws, state laws, or local laws.  It’s also helpful to make a note of acceptable activity in common areas. 

6. Pets

The rules about what pets are allowed/not allowed should be specified and any corresponding regulations or fees. 

7. Terms of entry

It should be outlined under what conditions the owner may enter a tenant’s living space. This is essential in the event of an emergency.

8. Signatures

Of course the agreements must be read carefully and signed by each party named on the rental agreement.

Property Management in Inspakt

Inspakt is a solution for your all documentation and signature needs wherever you want to build trust.

Create a Rental Agreement

Inspakt allows you to create Two-way documents, which means you can record the initial and final status of assets while renting them so that there would be no fraud or unspecified damages.

‍

Record the status of assets 

Besides, with the Inspection feature, rental agreements can also include the inspections of the assets. You can save photos of them and mark the damages or other details on the image.

‍

Sign the agreement digitally. 

In the end, you can sign the mutually agreed rental contract with Digital Biometric Signature. After completing the rental agreement template organization, you can request from other people to fill out the required information and sign the document digitally. Digital Biometric Signature is a secure and trusted electronic signatures solution that records the biometric data of signatories regarding how their signatures have been shaped. Each party will receive a pdf version of the document securing that it is sealed and hasn't been changed after signing. You don't need to worry about printing out the agreement. You can keep it digital and easily find it whenever and wherever you are.
‍