The tenancy agreement is a legally binding document that shall include the date of the contract, contact information for both you and the renter, as well as property details (e.g., address, parking spaces, amenities, etc.) The document also contains specifics about the tenancy, such as the type and length of the tenancy.
A standard agreement will include the rental rights and obligations of each party, legal and safety regulations, rent details (e.g., the amount due, payment frequency, late fees, etc.) and any special conditions or terms agreed upon by both parties.
If everything looks good, sign on the dotted line to finalise the deal. As a part of the agreement, the renter will have to pay move-in monies like the security deposit and first month's rent, less the holding deposit, before moving in. We encourage tenants to pay move-in monies within 24 hours, however if their tenancy doesn't begin until months later, they may take longer.