It is a common practice nowadays that if you have money, you would think of investing it in a new house to rent out. When you rent it out, you are a landlord and the person living in it your tenant. It is important to enter into a legal relationship with your tenant.
It is important to get any kind of relationship with your landlord in writing. These legal documents are called landlord tenant forms. These forms bind both the landlord and the tenant to follow certain legal procedures. The objective of the landlord tenant form is to seek pre-determined resolution of the afterward disputes that may arise or likely to arise in future. It means landlord tenant forms are a type of legal way out from any potential future complications you or your landlord may go into.
Land and tenant relationships are sometimes quite formal and sometimes quite informal. It may happen that the landlord and the tenant are living in the same house or the same building. For example, the landlord may rent out a portion of his house and both are living in the same house. It may be that the landlord has a large building and apartments and both legal parties are living in the same building. Therefore, the signing of the landlord tenant forms is necessary to avoid the complications. The complications may be about the condition, use, certain obligations on the part of the landlord and certain on the part of the tenant.
For example, a house has already been used and the tenant is just going to shift. He would inspect the house and then ask his landlord about the things that needs repair and worn out things including fixtures and electricity, water and utility bill issues. All these issues are solved through landlord tenant forms. The landlord tenant forms include clauses about the house, or renting portion or the apartment, its existing condition, its fixtures and setting and bind the tenant to keep all of them in good condition until it is being used by him. After signing the contract on landlord tenant forms, the tenant is bound to keep the house in the same condition as much as possible according to the agreed terms and conditions.
The landlord tenant forms also keep this landlord tenant relations smooth and easy, for landlord tenant form gives both parties a guideline to follow. The landlord has certain duties regarding house repair as has been agreed in the landlord tenant forms and so has the tenant. Both follow the terms and conditions and thus live happily. Moreover, landlord tenant forms also wors when the tenant is going to vacate the house or the apartment. He is bound to follow the vacation procedure as has been given in the landlord tenant forms. He asks his landlord about the vacation date in advance and also asks him to inspect the house and condition of fixtures according to the landlord tenant forms.
The landlord ensures that all rules and regulations were followed by the tenant during his tenancy period according to the landlord tenant forms. If there arises any dispute over the interpretation of the landlord tenant forms, they can seek help from the court. However, it happens only in rare cases. The reason is that landlord tenant forms are the solution and the tenant and landlord are bound to follow those rules.