Role Of Property Managers In Tenancy Agreements

A tenancy agreement is a written contract between the tenant and the landlord that provides certain rights to both parties. For example, while the tenant has the right to occupy the property, the landlord has the right to receive due rent for the property. There can be a number of details incorporated in the tenancy agreement regarding the proper use of the property, and these will need to be prepared according to existing laws and regulations within your locality. A good company dealing in property management can be consulted for the preparation of the tenancy agreement in order to ensure that the rights of both the landlord and the tenant are well protected.

The tenancy agreement has to be prepared with utmost care to make sure that it is not in conflict with what is being stipulated by law. The tenancy agreement gives more than just the statutory rights to both the landlord and the tenant. In case the statutory rights in the tenancy agreement are less than they ought to be, the terms of contract cannot be enforced.

There can be two types of tenancy agreements; express terms and implied terms. Express terms include the clauses in the written tenancy agreement, if any, the clauses in the rent book, and/or whatever was agreed upon by both the landlord and the tenant. Implied terms include the specific rights that are given by law.

The presence of a tenancy agreement brings with it a lot of advantages.

=> It provides protection and security to the investment of the landlord

=> It defines the relationship between the landlord and the tenant

=> It provides as a cover for any potential liability

The typical contents of a tenancy agreement includes the rental amount, the deposit amount, if any, the landlord's access to the property rights and the rights of the tenants on the use of the property. There can either be periodic or fixed term agreements.

A tenancy agreement provides protection of rights to both the landlord and the tenant. It is a document that is prepared with the consent of both parties, but the payment for preparing the document is only made by the landlord. The property managers can be of great assistance and can readily provide sound recommendations in this regard in order to ensure that all the necessary documentations are done according to what is being stipulated by your local rules and laws.


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a leading name in property management Bunbury. We have a dedicated team of
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