What is a residential tenancy agreement
A residential tenancy agreement is a legal agreement between a tenant and landlord to lease a property for a period of time.
A residential tenancy agreement is a legal agreement between a tenant and landlord to lease a property for a period of time. The tenancy agreement (also known as a lease) highlights the legal obligation of both parties during the tenancy period, including:
- The amount of rent to be paid
- How often payments must be made
- The term of tenancy agreement
- Point of contact ie. if the property will be managed by a real estate agent
- Conditions of entry and any
- Special conditions that need to be adhered to.