If you are asked to provide a deposit, it is essentially someone who guarantees that the landlord will have his rent. Therefore, if you are late in your rent or you become insolvent, the guarantor will intervene and take care of the payment. Guarantors do not sign leases, they sign separate warranty agreements. If you don`t have a credit or rental history, don`t have income, or have had to deal with rent in the past, the landlord can ask for it. We also add a clause stating that if the law or laws change, we can change the municipal tax or our ability to rent the property repeatedly, renegotiate and/or exit the agreement. If you opt for a joint agreement, make sure your tenants are friends or, at the very least, that they know and trust each other well. It is also better that they plan to get in and out at the same time. Your contract (lease) should set the duration of the contract. If this period expires, if neither you nor the lessor terminates it, the rental agreement becomes a periodic rental agreement that continues under the same conditions as the document signed previously. You cannot dispense with a rental obligation, with the exception of a known termination of needs or the use of an interruption clause.
Not all rentals have break clauses – see below. Depending on the lessor, a pause clause can be included in a lease that allows the lessor or tenant to “break” the lease early and without penalties. You need to do it at the right time – it can`t be activated whenever you want. It`s a good idea to ask for an interruption clause, as it means that if your situation changes, without relying on the landlord`s agreement, you can take steps to undress before the lease ends. They outline the legal responsibilities of both sides and describe what will happen if a party neglects its responsibilities. The specific rules and regulations regarding HMOs mean that you need to treat rental agreements a little differently, but with the prior planning and use of the above points, renting to multiple tenants doesn`t have to be more difficult than renting to families or individual tenants. In the terms of the lease, it should be indicated whether the lease is a single agreement or a common agreement.. . . . .