Private Lease Agreement and What Use of Protecting the Rights of Both Parties
As you might have known, leasing is one of private agreements that can be made between the lessor and the lessee. Private lease agreement is there to be the proof of the agreement, that’s for sure. However, it also exists to protect their rights as well. It is lease agreement we are talking about here.
Important thing must be the one leased for it to be signed as formal document. What use of the rights being protected then? Without knowing that, you would not be able to understand how necessary it is to make this agreement.
#1 Use of the Private Lease Agreement
First than anything, the use of the agreement is to provide the basic background information about the parties involved. Those parties are the lessor and the lessee, of course. For lessor for example, the information will tell him/her who the one currently possessing him/her property is temporarily.
It applies the same the other way around. Private agreement basic info also reminds the lessee of the owner of the property they lease. It is not your property to begin with after all. Of course, you need to know the person who owns it.
#2 Use of the Private Lease Agreement
Still related to the first point above, the basic information of the lessor and the lessee will also include their contact info as well. Other than the name or address, it is handy to know their phone number here. Without meeting each other somewhere, you can make a call yourself immediately.
Sometimes, there are some things that you’d like to ask right away, right? If it is something really important, it is all the more reason for you to contact each other. That is why basic information like this can’t be left out in this agreement.
#3 Use of the Private Lease Agreement
Next use of property lease agreement and others of the kind is to identify and mention the things that must be done by the lessee for the sake of preserving the property’s integrity. Of course, the use of the document is not just as simple as that. It can be of great help in particular occasion too.
In the case of conflicts, the lessee can make good use of it to invoke his/her rights. As stated under the agreement, it becomes possible to do that. Now, you have nothing to worry about. It helps you solve the problem and make sure of it.
#4 Use of the Private Lease Agreement
Lastly, this document will be needed to describe the extent as well as the description of the property technically. This particular use is important for particular cases too. One case as example is about lessee damaging the property. Remember that the property should be returned in proper condition.
Damaging sure breaks the rule in private lease agreement. Since that is the case then, the former condition will be taken into account. It will be done apart from the market value of the property. It certainly is meant for many usages here.
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