Lease Agreements And Schedule Of Dilapidations Explained

By Author: Robert Deans
Total Articles: 246
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Due care and attention must be given when a landlord is dealing with a tenant and the other way around, the partnership between the two parties is an important one. There are a number of things that can go wrong whilst renting out a property and whilst it can be a great way to earn money and generate a strong profit, there are many problems connected with renting out a property. For example, a tenant may not keep to the contract terms outlined at the beginning of the tenancy period. If for instance an agreement was verbal rather that by means of a written document, if anything were to go wrong a landlord might find themselves in a difficult position if they wish recover expenses or begin a schedule of dilapidations. At the same time the tenant could possibly be the one to experience problems if an agreement isn't in place right from the start. A landlord who may once have appeared fair may try to put excessive demands on the tenant which were not originally outlined in the contract. This is the reason that before getting into any type of tenant and landlord relationship a tenancy agreement is drafted.

A tenancy ...
... agreement is a formal document outlining the responsibilities of each party through the tenancy period. It will explain the obligations, penalties, requirements and rules for both the landlord as well as the tenant. A tenancy agreement can be extremely useful particularly in the event of a dispute. When drawing up a landlord and tenant lease agreement, each party must make perfectly clear the conditions and terms of the written agreement, so they won't cause any confusion later on.

For a few landlords however, even after drawing up a landlord and tenant lease agreement, the tenant may not keep to the terms outlined within the contract. In events like these, a landlord can be left with money to pay after the tenant has left the rented accommodation, or whilst they are still there due to the tenant disrespecting the property. It's for occasions like these where a schedule of dilapidations may be used. A schedule of dilapidations is a survey which can be completed by the landlord outlining any repairs required on a rented property. After which when they are aspects where the responsibility lies with the tenant as defined within the landlord and tenant lease agreement they will then have to pay for the damage to be repaired. There are two types of dilapidations - interim and terminal. As the names suggests an interim schedule of dilapidations is served within a tenancy period and a terminal schedule of dilapidations is going to be served at the conclusion.

Both a landlord and tenant lease agreement and a schedule of dilapidations are methods of ensuring that the relationship between landlord and tenant remains relatively peaceful and free from trouble or confusion.

This article was written by R. Deans on behalf of Douglas Duff, experts in landlord and tenant lease agreement and schedule of dilapidations. For more info on landlord and tenant lease agreement and schedule of dilapidations please visit DouglasDuff.co.uk