{"id":150814,"date":"2023-10-17T16:23:21","date_gmt":"2023-10-17T16:23:21","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/"},"modified":"2023-10-17T16:23:21","modified_gmt":"2023-10-17T16:23:21","slug":"how-does-a-rental-agreement-look-like","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/","title":{"rendered":"How does a rental agreement look like?"},"content":{"rendered":"<p>When it comes to renting a property, having a clear and well-structured rental agreement is essential. It not only protects the rights of both landlords and tenants but also sets the foundation for a healthy and mutually beneficial relationship. So, what does a rental agreement actually look like? Let&#8217;s delve into the details.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#What_is_a_Rental_Agreement\" title=\"What is a Rental Agreement?\">What is a Rental Agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#How_does_a_Rental_Agreement_look_like\" title=\"How does a Rental Agreement look like?\">How does a Rental Agreement look like?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#1_Identification_of_Parties\" title=\"1. Identification of Parties\">1. Identification of Parties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#2_Property_Details\" title=\"2. Property Details\">2. Property Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#3_Rental_Terms\" title=\"3. Rental Terms\">3. Rental Terms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#4_Rent_Payment_Details\" title=\"4. Rent Payment Details\">4. Rent Payment Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#5_Security_Deposit\" title=\"5. Security Deposit\">5. Security Deposit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#6_Utilities_and_Maintenance\" title=\"6. Utilities and Maintenance\">6. Utilities and Maintenance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#7_Rules_and_Regulations\" title=\"7. Rules and Regulations\">7. Rules and Regulations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#8_Entry_and_Notice\" title=\"8. Entry and Notice\">8. Entry and Notice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#9_Occupancy_Limits\" title=\"9. Occupancy Limits\">9. Occupancy Limits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#10_Insurance_Requirements\" title=\"10. Insurance Requirements\">10. Insurance Requirements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#11_Dispute_Resolution\" title=\"11. Dispute Resolution\">11. Dispute Resolution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#12_Signatures\" title=\"12. Signatures\">12. Signatures<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#Frequently_Asked_Questions_about_Rental_Agreements\" title=\"Frequently Asked Questions about Rental Agreements\">Frequently Asked Questions about Rental Agreements<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#1_Can_a_rental_agreement_be_verbal\" title=\"1. Can a rental agreement be verbal?\">1. Can a rental agreement be verbal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#2_Is_it_necessary_for_both_the_landlord_and_tenant_to_sign_the_rental_agreement\" title=\"2. Is it necessary for both the landlord and tenant to sign the rental agreement?\">2. Is it necessary for both the landlord and tenant to sign the rental agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#3_Can_a_tenant_make_changes_to_the_rental_agreement\" title=\"3. Can a tenant make changes to the rental agreement?\">3. Can a tenant make changes to the rental agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#4_Is_a_rental_agreement_the_same_as_a_lease_agreement\" title=\"4. Is a rental agreement the same as a lease agreement?\">4. Is a rental agreement the same as a lease agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#5_How_long_is_a_typical_rental_agreement\" title=\"5. How long is a typical rental agreement?\">5. How long is a typical rental agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#6_What_happens_if_a_tenant_breaks_the_rental_agreement\" title=\"6. What happens if a tenant breaks the rental agreement?\">6. What happens if a tenant breaks the rental agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#7_Can_a_landlord_increase_the_rent_during_the_tenancy\" title=\"7. Can a landlord increase the rent during the tenancy?\">7. Can a landlord increase the rent during the tenancy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#8_Is_it_necessary_to_have_a_rental_agreement_witnessed\" title=\"8. Is it necessary to have a rental agreement witnessed?\">8. Is it necessary to have a rental agreement witnessed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#9_Can_a_rental_agreement_be_terminated_early\" title=\"9. Can a rental agreement be terminated early?\">9. Can a rental agreement be terminated early?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#10_What_happens_if_there_is_no_rental_agreement\" title=\"10. What happens if there is no rental agreement?\">10. What happens if there is no rental agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#11_Can_a_landlord_refuse_to_return_the_security_deposit\" title=\"11. Can a landlord refuse to return the security deposit?\">11. Can a landlord refuse to return the security deposit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#12_Can_a_rental_agreement_be_transferred_to_another_person\" title=\"12. Can a rental agreement be transferred to another person?\">12. Can a rental agreement be transferred to another person?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Rental_Agreement\"><\/span>What is a Rental Agreement?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A rental agreement, also known as a lease agreement or tenancy agreement, is a document that outlines the terms and conditions between a landlord and a tenant. It serves as a legally binding contract, defining rights and responsibilities for both parties during the rental period.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_does_a_Rental_Agreement_look_like\"><\/span><b>How does a Rental Agreement look like?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A rental agreement typically contains several key elements that provide a comprehensive overview of the terms and conditions surrounding the tenancy. While the exact layout may vary, some essential components often included in a standard rental agreement are as follows:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Identification_of_Parties\"><\/span>1. Identification of Parties<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe agreement should clearly state the names and contact information of both the landlord and the tenant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Property_Details\"><\/span>2. Property Details<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSpecific information about the rental property, such as the address, unit number, and any additional amenities or features, should be listed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Rental_Terms\"><\/span>3. Rental Terms<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThis section outlines the duration of the lease, including the start and end date. It may also mention the possibility of renewal or termination of the agreement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Rent_Payment_Details\"><\/span>4. Rent Payment Details<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nClearly state the monthly rent amount, the due date, acceptable payment methods, and any penalties for late payment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Security_Deposit\"><\/span>5. Security Deposit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSpecify the amount of the security deposit required, how it will be used, and any circumstances under which it may be withheld.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Utilities_and_Maintenance\"><\/span>6. Utilities and Maintenance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nInclude information about who is responsible for paying utilities, maintaining the property, and handling repairs or maintenance issues.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Rules_and_Regulations\"><\/span>7. Rules and Regulations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nOutline any rules and regulations that tenants must abide by, such as noise restrictions, pet policies, or smoking rules.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Entry_and_Notice\"><\/span>8. Entry and Notice<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nState the circumstances under which the landlord can enter the property and how much advance notice should be provided to the tenant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Occupancy_Limits\"><\/span>9. Occupancy Limits<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSpecify the number of people allowed to live in the property, and whether subletting or assigning the lease is permitted.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Insurance_Requirements\"><\/span>10. Insurance Requirements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIndicate whether the tenant is required to have renter&#8217;s insurance and any minimum coverage amounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Dispute_Resolution\"><\/span>11. Dispute Resolution<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nInclude a clause outlining the procedures for resolving disputes, such as arbitration or mediation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Signatures\"><\/span>12. Signatures<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBoth the landlord and the tenant should sign and date the agreement to indicate their acceptance and understanding of the terms.<\/p>\n<p>Remember, the exact content and formatting of a rental agreement may differ depending on local laws and regulations, as well as the specific requirements or preferences of the landlord. It is always wise to consult legal professionals or templates that comply with the respective jurisdiction to ensure the agreement is legally enforceable.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_about_Rental_Agreements\"><\/span>Frequently Asked Questions about Rental Agreements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Can_a_rental_agreement_be_verbal\"><\/span>1. Can a rental agreement be verbal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn some cases, verbal agreements may be considered legally binding. However, it is always recommended to have a written agreement to avoid any misunderstandings or disputes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Is_it_necessary_for_both_the_landlord_and_tenant_to_sign_the_rental_agreement\"><\/span>2. Is it necessary for both the landlord and tenant to sign the rental agreement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, the signatures of both parties indicate their agreement to the terms and conditions, making the contract legally valid.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Can_a_tenant_make_changes_to_the_rental_agreement\"><\/span>3. Can a tenant make changes to the rental agreement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAny proposed changes to the rental agreement should be discussed with the landlord. Depending on the nature of the changes, the agreement can be amended by mutual consent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Is_a_rental_agreement_the_same_as_a_lease_agreement\"><\/span>4. Is a rental agreement the same as a lease agreement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, rental agreement and lease agreement are often used interchangeably. Both refer to the same document governing the landlord-tenant relationship.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_How_long_is_a_typical_rental_agreement\"><\/span>5. How long is a typical rental agreement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe duration of a rental agreement can vary. It can be as short as a month-to-month basis or as long as several years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_happens_if_a_tenant_breaks_the_rental_agreement\"><\/span>6. What happens if a tenant breaks the rental agreement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf a tenant violates the terms of the rental agreement, the landlord may take legal action, which may include eviction or financial penalties.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_a_landlord_increase_the_rent_during_the_tenancy\"><\/span>7. Can a landlord increase the rent during the tenancy?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn some jurisdictions, landlords can increase the rent during the tenancy period, but there are usually legal restrictions on the amount and notice given.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Is_it_necessary_to_have_a_rental_agreement_witnessed\"><\/span>8. Is it necessary to have a rental agreement witnessed?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe requirement for witnesses on rental agreements varies by jurisdiction. It is best to check the local laws or seek legal advice to determine if it is necessary in your situation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Can_a_rental_agreement_be_terminated_early\"><\/span>9. Can a rental agreement be terminated early?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEarly termination of a rental agreement depends on the terms outlined in the agreement itself. Both parties should adhere to the conditions mentioned or negotiate a mutual termination if circumstances change.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_What_happens_if_there_is_no_rental_agreement\"><\/span>10. What happens if there is no rental agreement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWithout a rental agreement, the rights and obligations of both parties may be unclear. It is advisable to have a written agreement to avoid any potential legal complications.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_a_landlord_refuse_to_return_the_security_deposit\"><\/span>11. Can a landlord refuse to return the security deposit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA security deposit can be withheld by a landlord for valid reasons, such as damage to the property beyond normal wear and tear or unpaid rent. However, proper documentation and adherence to legal procedures are necessary.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Can_a_rental_agreement_be_transferred_to_another_person\"><\/span>12. Can a rental agreement be transferred to another person?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn some cases, rental agreements can be transferred to another person with the landlord&#8217;s consent. However, subletting or transferring the agreement is subject to the terms and conditions specified in the original agreement and local laws.<\/p>\n<p>In conclusion, a rental agreement acts as a crucial legal document outlining the rights and obligations of both landlords and tenants. While the specific format may vary, a comprehensive rental agreement typically covers key aspects such as property details, rental terms, payment details, and rules and regulations. By ensuring that all necessary elements are included and understanding its contents, both parties can enjoy a smooth and transparent rental experience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to renting a property, having a clear and well-structured rental agreement is essential. It not only protects the rights of both landlords and tenants but also sets the foundation for a healthy and mutually beneficial relationship. So, what does a rental agreement actually look like? Let&#8217;s delve into the details. What is &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How does a rental agreement look like?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-does-a-rental-agreement-look-like\/#more-150814\">Read more<span class=\"screen-reader-text\">How does a rental agreement look like?<\/span><\/a><\/p>\n","protected":false},"author":36,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-150814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How does a rental agreement look like?<\/title>\n<meta name=\"description\" content=\"When it comes to renting a property, having a clear and well-structured rental agreement is essential. 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