Core Terms To Watch In A Tenancy Agreement

Tenancy agreements (also known as leases) can be in writing or if for less than three years can also be agreed orally. Oral agreements can be unwise, as there is no written record of terms and conditions.

Oral agreements for less than three years have certain implied terms such as monthly rent in advance, tenant responsibility for utility payments and for running repairs to the interior – and with a landlord right of entry on 24 hours' notice. Landlord responsibilities include repairs to the exterior, main structure and tanks. A landlord should also keep services in working order.

Tenancy agreements are legal contracts to be read and considered carefully prior to signing. Reading a tenancy agreement is less daunting if you know core terms to look out for.