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A rental agreement is a contract, usually written, between the owner of a property and a renter who desires to have temporary possession of the property. As a minimum, the agreement identifies the parties, the property, the term of the rental, and the amount of rent for the term. The owner of the property may be referred to as the lessor and the renter as the lessee. Car rentalIn addition to the above, a car rental agreement may include various restrictions on the way a renter can use a car, and the condition in which it must be returned. For example, some rentals cannot be driven off-road, or out of the country, or towing a trailer, without specific permission. In New Zealand you may have to specifically endorse a promise that the car will not be driven onto Ninety-mile Beach (because of the hazardous tides). There will certainly be a requirement to show a driver's license, and only those drivers appearing on the contract may be authorized to drive. It may include an option to purchase auto insurance (motor insurance, UK), if the renter does not already have a policy to cover rentals -- another important consideration for multiple drivers. Some agencies may even require a bond payable if the car is not returned in order, often held in the form of a credit-card authorization -- voided if the car is returned per agreement. A renter should be advised that he or she will be responsible for any parking or traffic violations incurred upon the vehicle during the rental period. There should also be advice on handling thefts, accidents, break-downs, and towing. Further terms may include added fees for late returns, drop-off at a different location, or failure to top up the petrol immediately before the return. Finally, there may be provisions for making a non-refundable deposit with a booking, terms for payment of the initial period (with discounts, vouchers, etc), extended periods, and any damages or other fees that accrue prior to the return. From Wikipedia under the
GNU Free Documentation License In the rental agreement the landlord has included property tax to be paid by us n made us pay. Is it legal? Q. I stayed in the apartment for 2 years and he made us pay the property tax. It was written in the rental agreement so we were helpless. Is there some way to take legal action against him? What laws are required for the same? Asked by Seeking - Sun Mar 29 01:19:27 2009 - - 9 Answers - 0 Comments A. i have never heard such a thing. Answered by Joyce C - Sun Mar 29 01:22:20 2009 What all things need to include in rental agreement? Q. While preparing a rental agreement what things should be included? Asked by Anand - Fri Apr 17 05:25:53 2009 - - 4 Answers - 0 Comments A. 1. That the portion the Landlord agreed to let and the tenant agreed to take in the flat in the land. 2. That the tenancy is from 1st of February, 2004, and the same is acccording to the English Calendar Month. 3. That the tenancy is for a period of 11 (Eleven) months commencing from the date of subletting. 4. That the monthly rent fixed and agreed for the said portion is payable to the landlord on the 5th of each month. 5. That the rent due should be paid on the due date to the landlady. 6. That the tenant hereby covenants with the landlord not to sublet the portion leased to. 7. It is mutually agreed that the tenant shall pay to the landlord a sum of Rs - (Rupees only) towards the monthly rent for the tenancy premises. … [cont.] Answered by lathu - Fri Apr 17 06:02:52 2009 Will a rental purchase agreement be eligible for the government tax break program ?
Q. Congress has extended the home buyer tax break program until ext year. Does it apply to a rental purchase agreement ? Asked by merlin - Mon Nov 23 19:45:21 2009 - - 4 Answers - 0 Comments A. no, it only applies to buyers, not renters. Answered by Janet P - Mon Nov 23 19:55:16 2009 From Yahoo Answer Search: "rental agreement" The Reluctant Landlords
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