A tenancy contract is a document signed between landlord and tenant and the format which is used to prepare is called Tenancy Contract Template or Tenancy Agreement Template. It specifies terms and conditions of their rental agreement, if it is applicable within them. It may be signed for property, motors and for all other tangible assets. It contains all terms and conditions which need to be address in order to safe guard the interest of both parties. And both parties must be agreed on all terms and conditions before signing this tenancy contract. It is mostly prepared by real estate agencies and other business organizations. It may be in the form of oral or written, but it is best to prepare it in well professional manner and written form by using tenancy contract template.
Here are few things that you must know about a tenancy contract. A tenancy contract, after acceptance from both or all parties cannot be put aside by all or any party. There are terms and conditions which govern the performance of contract. In case of any dispute, all parties can reach to someone as declared by contract to make decision on behalf of them. Moreover, the burden of proof is the duty of complaining party. There are circumstances where affecting party didn’t proof the violation made by other party and have to bear the aftereffects. Therefore, it is very critical to view the tenancy contract template thoroughly to avoid any possible loss due to terms and conditions. We are presenting this contract template with the view to help you in deciding what layout and terms and conditions you must choose to stay safe.