Residents need to know their rights as house share tenants
Security deposits are common practice in the property rental market and knowing what a security deposit covers and what needs to be done to ensure that it is repaid once the lease period is over is vital. The landlord may retain a percentage of the safety deposit at the end of a tenancy for a number of reasons; for cleaning the home once vacated, damages accrued, or for outstanding or unpaid rent. Another important factor is the tenancy agreement or lease. It is a written contract between a landlord and tenant stipulating the rights and responsibilities of both parties. Prospective tenants should examine the tenancy agreement carefully before signing it and question any clauses that seem odd or unclear. When hiring a house, securing a good insurance policy to protect personal possessions against theft or damage is essential. Some landlords may have insurance policies to protect their tenants’ belongings, but it is advised to speak to the landlord to find out what cover is in place. If the property is not protected, taking out a student contents insurance policy can help minimise expenses in the event of a burglary. Each tenant should have a copy of the tenancy agreement to ensure everyone is on the same page and aware of what is expected of them. Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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