Why Bother with Rental Agreements?
The simplest reason to have written rental agreements is to avoid costly litigation and a lot of “he said/she said” down the road. While something as simple as a written list on a piece of paper signed by both parties can sometimes stand up in court, it’s best, and most professional, to have standard lease agreements that are dated, signed and kept by both parties.
It is also important to document, in writing, any changes to the lease agreement and notification of termination of the lease. As a landlord, you should know rental laws in your community and understand any requirements for leasing and lease agreements including holding security deposits, termination of lease, evictions, repairs and entry..