If you`re planning on renting out your farmhouse, it`s important to have a solid rental agreement in place. This document will help protect both you and your tenants, ensuring that everyone is on the same page throughout the rental term.
Here are some key elements to include in your farmhouse rental agreement:
1. Names and contact information of both parties: Be sure to include the full names and contact information (phone numbers and email addresses) for both you and your tenants. This will make it easier for you to communicate with each other throughout the rental term.
2. Rental term: Specify the start and end dates of the rental period. You may also want to include a clause allowing for renewal or extension of the rental term if both parties agree.
3. Rent and security deposit: Clearly state the amount of rent that will be due each month, as well as the amount of the security deposit. Be sure to specify when the rent is due (for example, on the first of each month) and how it should be paid (for example, via check or electronic transfer).
4. Utilities and maintenance: Specify which utilities are included in the rent (if any), as well as who will be responsible for maintaining the property and any necessary repairs. You may also want to include a clause requiring tenants to keep the property clean and in good condition throughout the rental term.
5. Guest policy: Determine whether or not tenants are allowed to have guests stay overnight, and if so, how long they can stay. You may also want to include a clause requiring tenants to provide you with advance notice if they plan to have guests.
6. Pet policy: If you allow pets in your farmhouse, specify any restrictions (such as a limit on the number or size of pets) and any additional fees that tenants will be responsible for paying.
7. Termination policy: Include a clause specifying under what conditions the rental agreement can be terminated (for example, if the tenant fails to pay rent or violates the terms of the agreement). Be sure to also include any notice requirements (for example, 30 days` notice).
By including these key elements in your farmhouse rental agreement, you can help ensure a smooth and successful rental experience for both you and your tenants.