If you violate the term of the lease, you are responsible for correcting it. If you are the tenant, this may mean that you are paying money to solve any problems caused by you or your guests. If you do not pay voluntarily to correct the infringement, you may be prosecuted for damages caused by the offence and/or possibly evicted by the owner. Before the lease expires, you do not have to respect the owner`s intention to renew the lease. The termination must take place some time before the expiry of the tenancy agreement, as required by law in your jurisdiction. This period is called “notice.” As a general rule, the termination period is one month for leases of one month or less and two or three months for leases longer than one month, but this varies by jurisdiction. You should consult the statutes of jurisdiction in which the property is located in order to know the necessary notice period for your lease. It is recommended to keep a copy of the agreement to remind you of your rights and obligations as a landlord or tenant. If you choose not to use the lease, the owner/broker can withhold the fees. Changes to the right to rent a dwelling began on March 23, 2020 with amendments to the Residential Ten tenancy Act 2010 (Law) and the new Residential Ten rental Regulation 2019 (new regulations). Second, the agreement contains the terms of the lease. These include rent, responsibility for invoices and maintenance, access to the landlord and termination. The booking fee is a sum of money (up to the equivalent of one week`s rent) that a potential tenant gives to a landlord while the landlord decides to accept the tenant`s request.
Booking fees must be a sign of good faith, but do not guarantee the rental agreement. If the rental agreement continues, the booking fee will be charged as rent for the tenant`s first week. If the landlord does not accept the rental agreement or make a decision within 1 week of paying the fee, the landlord must refund the booking fee. If the rental agreement is granted but the tenant no longer wishes to accept the rental agreement, the landlord has the right to keep the booking fee. The amendments include additional water efficiency measures, including the need to check all taps and toilets on the land at the beginning of a lease to correct leaks. Taps and toilets should also be checked when other water efficiency measures are installed, repaired or upgraded and if leaks are corrected. This requirement applies to existing and new leases as of March 23, 2020. The agreement does not have a fixed deadline. Each case may have a different time frame.
The parties decide how long the tenant will rent the property and indicate this information in the contract.