When it comes to renting a property, a rental agreement is a crucial document that helps ensure a smooth relationship between the tenant and landlord. As we enter 2019, it`s important to stay up-to-date on the latest rental agreement trends and requirements.
One of the biggest changes in rental agreements relates to security deposits. Many states have passed laws that limit the amount of money a landlord can require for a security deposit. For example, California now limits security deposits to no more than two months of rent for unfurnished units and three months for furnished units. Additionally, landlords must provide an itemized list of any deductions from the security deposit within a certain timeframe, typically 21-30 days.
Another important aspect of rental agreements is the inclusion of specific language regarding repairs and maintenance. Tenants should be aware of their responsibilities for maintaining the property and understand when they are responsible for repairs versus when the landlord is responsible. Additionally, landlords should make sure to include a clause in the agreement outlining their right to enter the property for repairs or emergency situations.
In 2019, it`s also important for rental agreements to address the issue of subleasing. With the popularity of short-term rental platforms like Airbnb, many tenants may be tempted to sublease their unit without the landlord`s knowledge or consent. A well-written rental agreement should clearly prohibit subleasing without prior written consent from the landlord.
Finally, as more states and cities pass laws related to discrimination in housing, rental agreements should include language prohibiting discriminatory practices. This includes discrimination based on race, gender, sexual orientation, and other protected classes. Landlords should also be aware of any local or state laws regarding fair housing and make sure their rental agreements comply with these laws.
In summary, a well-written rental agreement is essential for both tenants and landlords. With the changing laws and trends in the rental market, it`s important to stay up-to-date on the latest requirements and include them in your rental agreement for the protection of both parties.