§ 704.17 Wyoming 3 days 3 days Â§ 1-21-1003 Rental/lease glossary Here are some useful definitions of the legal language commonly used in rental and lease forms: Access: The Right to Enter a Property. Accidents: events of human or natural origin that can damage property (fire, flood, earthquake, etc.). Changes: Changes to a property. Appliances: Common household appliances such as refrigerators or dishwashers. Assignment: the transfer of shares in a lease. Lawyer`s fees: a payment to a lawyer. Conviction: the confiscation of private property by the government for public purposes such as the construction of a highway. Late payment: if a breach of contract occurs and persists, e.B. non-payment of rent or violation of other terms of a rental agreement. Furniture: common household equipment such as sofas, tables, beds, etc. Guarantor/co-signer: a person held responsible for paying the rent if the tenant is unable to do so.
Guests: Short-term residents of a rental property. Joint and several liability: if two or more persons are held independently liable for damages, regardless of the person at fault. Late rent charges: A reasonable additional amount paid by a tenant after making a rent payment beyond the due date specified in the lease. Noise Protection Directive: a provision in a lease that describes „just under hours“ in the apartment building, condominium or neighbourhood. Note: a written announcement of a fact or observation. Purchase option: The tenant`s right to purchase a rental property at a later date. Parking: designated rooms where the tenant can store his vehicles. Pet Policy: The permission or restriction of a tenant`s ability to have a pet on a rental property. Property maintenance: the process of maintaining a rental unit and who is responsible for it. Like cutting grass, removing garbage or unplugging drains from the kitchen and bathroom. Extension: A tenant`s option to continue the lease.
Tenant insurance: a paid policy that protects personal belongings from theft or damage. Severability: A clause in a lease that states that if any part of the agreement is invalid for any reason, the rest of the lease is still enforceable. Smoking conditions: the authorization or restriction of a tenant`s ability to smoke in a rental building. Subletting: a temporary housing contract between a current tenant and a new tenant to rent all or part of the property currently rented. The sublease period must be shorter than the rental period. Successor: A person who assumes the obligations arising from a lease of a tenant or landlord. Public service: a public or private service that provides electricity, water, gas or garbage collection for a property. Waterbed: A facility filled with water that is used for sleeping and is generally not allowed in most rental properties, the owner must manage access to the property, deposits and evictions.
If a tenant violates a lease, the landlord may try to resolve the problem by giving them the opportunity to repair it (unless the violation is serious, for example.B the use of the property for the sale or production of illicit drugs). If the issue is not resolved within a certain period of time (as determined by state law), the landlord can begin the eviction process to evict the tenant. Common rent violations include unpaid rents and electricity bills, damage to the property, and the tenant who breaks the law. You must include the following information and clauses in a lease: Names of all tenants: Write the names of all adults who will live in the property. Duration: Specify the duration of the lease and indicate if it has a fixed term or if it is automatically renewed. Rent: Determine the amount of money the tenant pays to live in the property and the day of the month the rent will be paid. Premises: Describe the property and its location. Deposit: Allocate an amount of money that the tenant will provide to the landlord in case of damage, depending on your property and where it is located, you may need to add general disclosures and supplements that deal with certain situations such as smoking or pets. The following standard residential lease works for all states except California, Florida, and Washington, DC. État de Rev. 133C5EE This lease (this „Agreement“) is entered into by and between (âLandlordâ) and (âTenantâ).
Each landlord and tenant may be referred to individually as the „Party“ and collectively as the „Parties“. The rented premises are located at , , â Deposit a printed copy of the signed document in a secure location and consider scanning an electronic copy for further storage. Whether you are an experienced owner or a beginner, you can use these resources and guides to understand in simple terms what the law says about leases and leases: How to rent a residential property [step by step] Follow the steps below to easily rent your property: 1. Show your rental unit to tenants The first step in renting a house or apartment is to: to give people the opportunity to see the property. If a tenant likes the property and wants to move in, they will make a verbal offer regarding the monthly rent. Accommodation visits can be inconvenient if you have multiple properties, so many landlords hire a property management company to show their rental units to potential tenants. 2. Give the tenant a rental application form to fill out Once you have agreed on the rental price, the tenant must complete a rental application. This form helps the tenant to show that he is trustworthy and contains information such as: Name Current address Place of employment Income level Rental references The tenant can confirm his employment with a letter of confirmation of employment. This document is also an easy way for tenants to provide proof of income. Typically, landlords charge a small, non-refundable fee from the tenant to process the rental application.
3. Conduct a background and credit check After reviewing the customer`s application, you need to conduct a background check (and/or credit check). Such a selection of tenants can help you avoid fraud and problematic tenants. The costs are generally the responsibility of the tenant. A background check indicates whether the applicant has a criminal history, and a credit check confirms whether the applicant has good or bad credit. Poor credit can be a sign of poor financial planning, which can lead to missed rent payments. While these reviews will help you avoid dealing with bad tenants, you shouldn`t base your decision to rent out the property solely on results. Many states have strict guidelines for discriminating against tenants. Refusal to rent due to minor crimes or bad credit can rightly be considered a violation of federal anti-discrimination law. 4.
Check the tenant`s references Next, you need to check the references that the tenant provided in their rental request form mentioned in step 2 above. .