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Victoria Rental Agreement Contract

A lease is a lease for your home. Governments have recognized the inviability of the house and have extended the protection of tenants through the adoption of laws guaranteeing a minimum of rights for tenants. A rental property contract cannot benefit from this basic rental fee. Additional terms and conditions may be included and the agreement must comply with the Residential Tenancies Act 1997. In addition, some leases may include punitive clauses under which the tenant must pay “rental fees” to cover part of the landlord`s cost of re-renting the premises. However, the amount of “replacement” costs must be reasonable and must be a preliminary estimate of the harm the lessor will suffer if he has to re-rent the premises prematurely. You should take the time to read the terms and this manual before signing the agreement. In most jurisdictions, a minimum period of termination is required by law. The tenancy agreement may set a longer termination period than the legal minimum, but it cannot specify a shorter period than the legal minimum. If this is the case, the legal minimum is still necessary. They should consult the status applicable to these statutory minimum requirements, as they vary according to the jurisdiction, nature and duration of the lease. As a general rule, when a tenant accepts a temporary rent, usually for 6 months or 1 year, the tenant agrees to be responsible for the rent for that period.

When the tenant has emptied the premises before the term of the contract expires, the tenant generally remains responsible for paying the rent for the duration of the lease (provided that the lease is not in a jurisdiction allowing the tenant to prematurely terminate an early termination of a fixed-term lease). If the landlord can rent the premises again before the end of the tenant`s lease, the broken tenant is usually no longer obliged to rent, as the landlord cannot cash in double the rental for the premises. The “law” refers to the legislation relating to leases in your country.

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