Top Tips to Getting the Tenant Induction Right

Tip # 3

Always in Writing-too many landlords rent property to tenants with a simple verbal agreement. Though legislation allows for this, common sense says you must always create and sign a lease outlining your agreement with terms and conditions that will protect you later on. Should the matter ever reach a tribunal hearing or court, not having a written lease spells trouble and could result in financial loss should your agreement be unclear and ambiguous. Doing it right from the start reduces messy complications later on.