If you`re a landlord in Tennessee, having a rental agreement form is essential in protecting your property and income. It outlines the terms and conditions of the tenancy and serves as a legally binding contract between you and your tenant. Here are some key elements that should be included in your Tennessee rental agreement form:
1. Names of Parties: The rental agreement should identify both the landlord and tenant by name and the property being rented.
2. Lease Term: Specify the start and end dates of the lease, including any renewal options.
3. Rent Payment: Indicate the amount of rent, when it`s due, and acceptable payment methods. You may also want to include late fees and consequences for missed payments.
4. Security Deposit: State the amount of the security deposit and under what circumstances it may be withheld.
5. Maintenance and Repairs: Clarify the responsibilities of both the landlord and tenant for maintenance and repairs. This includes routine maintenance as well as emergency repairs.
6. Utilities: Specify which utilities are included in the rent and which ones the tenant is responsible for.
7. Pets: If pets are allowed, state any restrictions or additional fees.
8. Smoking: If smoking is prohibited, include this in the rental agreement.
9. Right of Entry: Outline the landlord`s right to enter the property during the tenancy, including notice requirements.
10. Termination and Eviction: Include the conditions under which the lease may be terminated and the process for eviction if necessary.
It`s important to note that while these are some of the key elements that should be included in your Tennessee rental agreement form, there may be additional requirements specific to your city or county. It`s always a good idea to research local ordinances and consult with a legal professional to ensure your rental agreement is legally binding and fully compliant.
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