The tenancy agreement involves the rent and lease report which is prepared to take the interests of both parties- the landlord and the tenant. It is usually prepared in the context of renting out residential or commercial property.
A tenancy agreement should be in writing and the original copy should be given to the landlord before the start of the lease. The Residential Tenancies Act applies even if the agreement is not in writing. This means even if the agreement is not in writing, neither of the parties can avoid their obligations under the law.
Make sure that the tenancy agreement is drafted carefully and also understand the terms and conditions properly before singing. Also, seek guidance from a professional if you do not understand anything in the agreement.
Tenancy Agreement Letter Writing Tips
- It should include the interests of both the landlord and the tenant
- It is primarily concerned with renting out residential or commercial property
- The interests of both parties should be included- how the menace of the landlord can be avoided and how far the landlord not getting rent on time can be prevented.
- Another critical factor is to seek the help of a professional advocate and get a professionally drafted rental/lease agreement!
- Make sure you get your rent and lease agreement correct.
- The agreement should specify the transfer ownership from the landlord to the tenant,
- The period of the agreement also should be specified
- Terms and conditions of all the matters should be made clear
- A standard format of the Rent and Lease Agreement the duration of the lease, rent clause for renewal, if any, rights of parties involved, security deposited, termination, etc
Tenancy Agreement Letter Template
Use our free Tenancy Agreement Letter to help you get started.
Date: _____ (Date on Which Letter is Written)
Subject – _______________________(Mention the purpose).
I ____(Your name) at this moment give my consent to this agreement to lease out my land to the concerned party’s _______(name, address specified) use for the next five years from ___ to ___(Mention the tenure). The terms and conditions that were mutually agreed are being given the finality here. The party concerned will be entitled to its use fully but will have no claim to its ownership. As per the agreement, the party concerned has taken the land for paddy cultivation.
As per the agreement, the land is being leased out on a contract charge of Rs ___(cost) per year with an advance payment of the one-year advance amount. As per the agreement, as the owner of the land, I have nothing to say about the property except its ownership for the stipulated time of lease agreement with you.
Hoping for your reply at the earliest.
Name and signature
Ms. Goldie Matthews
14, Crow Street
Eastbourne, Florida, USA.
Date: 1st October 2013
1003 breeze towers,
Eastbourne, Florida, USA
Subject – Tenancy Agreement Letter
This is to give legality to the agreement to lease out my land for your use for the next five years starting from Dec 2013 to Dec 31, 2018. For this, the terms and conditions will have to be made clear. You will be entitled to its use only, and there will not be any claim to its ownership. You can do paddy cultivation there as per the agreement, and as the first party to the agreement, I have no claim to any product you obtain from the land being leased out to you.
As per the agreement mutually agreed upon, the land is being leased out on a contract charge of Rs 5 lakhs per year, and you are decided to pay a one-year advance amount of Rs 5 lakhs in advance before handing over the land to you. As per the agreement, other than the ownership of the land, I have nothing to say about the land and you are rendered the full right to use it for the paddy cultivation or any cultivation for that matter that has the proper legal approval from the government.
The subsequent year also the lease amount should be paid one year in advance, i.e., before 31st December of each year. If you have any doubts regarding the clauses and provisions added and included in the legal agreement, please feel free to contact me for further assistance. Or if you are comfortable with the provisions of the draft, please sign in the spaces provided blow as a token of approval from your side.
This letter would most likely be addressed by the interested parties proposing to enter into live & license agreement be it licensor & licensee & like interrelated members. This would denote the purpose of the agreement, nature of transaction, deposit & installments, usual amenities, any rules and restrictions linked up revolving the tenancy agreement.
To: Email address
From: Emai address
Subject: Tenancy agreement letter
Dear Mr. Narayan,
This is to consent concerning your recent telephonic conversation to deal with & accept the clauses as proposed to enter into the tenancy agreement about the subject.
This one is to confirm & acknowledge the clauses to pay a sum amount of Rupees 10,000/- inclusive of monthly rentals, amenities maintenance, water charge bills & to bear the electricity bills separately. Further kindly requesting you to extend the renewal period from eleven months time to replace for eighteen months.
Lastly to request to give more than a month’s notice to vacate in any default from our side or any unavoidable crisis. Enclosing herewith four post-dated cheques as to abide with the clauses & also includes the advance deposit.
Ms. Ankita Singh.