Having a signed rental agreement is one of the most important steps to a successful outcome for tenants and landlords when leasing a property.
While an email can form the basis of an agreement, a signed contract is legally binding, thus holding all parties accountable to what they agreed upon.
Also, having a lease agreement template ensures parties don’t miss any relevant terms and conditions when making a deal.
Not having a lease agreement opens up the risk of tenants and landlords acting negligently towards each other, triggering nasty disputes and potential loss of income and assets.