A short term tenancy agreement is a legally binding document that establishes the terms and conditions of a rental agreement between a landlord and a tenant for a fixed period of time. This type of agreement is usually used for rental periods of less than 6 months, such as month-to-month rentals or short-term vacation rentals.
When creating a short term tenancy agreement, it is important to use a template that includes all of the necessary elements to ensure that both parties are protected and all legal requirements are met. Here are some key elements to consider when creating a template for a short term tenancy agreement:
1. Names and contact information of the landlord and tenant
The first section of the template should include the full names and contact information of the landlord and tenant, including their phone numbers and email addresses. This will ensure that both parties can easily communicate with each other throughout the rental period.
2. Property details
The second section should include a description of the rental property, including the address, unit number, and any special features or amenities that are included with the rental (such as furniture or utilities).
3. Rental period
The third section should outline the rental period, including the start and end dates of the rental agreement. This will ensure that both parties are clear on when the rental term begins and ends.
4. Rent and payment details
The fourth section should outline the rent amount and due date, as well as any late fees or penalties for missed payments. It should also include details on how rent payments can be made, such as via mail, online, or in person.
5. Security deposit
The fifth section should outline the amount of the security deposit required, as well as the conditions for its return at the end of the rental period. It should also include details on what damages or repairs can be deducted from the security deposit.
6. Maintenance and repairs
The sixth section should outline the responsibilities of both the landlord and tenant for maintenance and repairs of the rental property. This will ensure that both parties are clear on who is responsible for fixing any issues that may arise during the rental period.
7. Termination clause
The seventh section should include a termination clause, outlining the conditions under which either party can terminate the rental agreement early. This will ensure that both parties are aware of their options if the rental situation changes.
8. Signature lines
The eighth and final section should include signature lines for both the landlord and tenant, indicating that they agree to the terms and conditions outlined in the rental agreement.
By including these key elements in the template for a short term tenancy agreement, landlords and tenants can ensure that they have a legally binding document that protects their rights and lays out all necessary details for the rental period. It is always recommended to have an attorney review the agreement before signing, especially if you are not familiar with local housing laws or regulations.