According to reasonable rental practices the rental agreement ought to always be written. It is not recommended to trust in a spoken agreement. It is hard and even difficult to show the contents of a verbal contract, if there is conflict considering the agreement. If the contract is produced a set period, the agreement needs to be composed. A contract made online is also thought about to be a composed agreement.

The rental contract has the personal information of the renter and the proprietor. It ought to also have the contact details for both the renter and the property manager. It is recommended to use the contact details that can be used when matters considering the rental home are discussed. The occupant requires to understand where or to whom tenant needs to inform about possible damages that come to the rental apartment or condo. If the property owner lives abroad it is even more crucial to have the right contact details. Both parties require to keep their contact details as much as date and let the other person understand, if there are any modifications to the contact information.

Both parties require to show their identification to each other. In addition, the property manager needs to inform the renter what their right to lease the house is based upon. According to the law the proprietor has the right to check the credit information of the renter.

The rental contract should be clear and easy. The rental contract needs to not be uncertainty. The rental contract needs to consist of whatever that has been settled on and all the terms of the agreement. If the terms change during the lease these changes need to be composed on the agreement as well. These modifications should be consisted of to every copy of the rental agreement there is. This can be made with accessories. If the rental home is rented furnished it is advised to make a list of all the furniture and attach the list to the rental agreement. The rental agreement must include a list of all the accessories the parties wish to have as a part of the contract. These attachments need to be in accordance with the law and the fair rental practice.

It is advisable to examine the condition of the home before making the rental agreement. When the renter and the property manager check the condition of the apartment together before signing the contract it is a good idea to make a note of all the observations and take pictures. This advantages both of the celebrations.

There are rental agreement kinds in the internet that can be used when making the contract. It is recommended to notice that despite the fact that there are rental contract forms available online, not all of them remain in accordance with the law or with the fair rental practice. You can discover rental agreement forms that are reliable from Kiinteistömedia's online store.

If the rental contract types do not look like the ideal option for you, you may utilize these kinds as an assistance and write your own agreement. If there is not sufficient area in the rental contract kinds, it is not a reason to make an uncertain agreement or to leave things out.

Things that need to be concurred on the rental contract

1. The length of the contract

It is possible to work out the length of the rental contract.
For the length of the rental contract there are 2 options. These alternatives are a set term contract or a contract that stands up until further notice. A contract that stands until more notification ends when either of the parties gives a written notice of termination. If it is the landlord who terminates the contract the regard to notification is 3 months if the rental agreement has not lasted over a year. If the agreement has actually lasted for over a year the regard to notification is six months. When the tenant terminates the contract the term of notice is always one month. The law regulates the length of the regard to notice. It is not possible to lengthen the landlord's regard to notice or shorten the occupant's term of notification in the rental contract.

If the celebrations of the rental agreement want to secure the length of the rental contract it is possible to concur when is the first possible date to terminate the contract. The celebrations can for instance concur that the first date to terminate the contract is 1.4.2021. No matter when the agreement is terminated the term of notification will begin from the date 1.4.2021. In this example the notification of termination can be dated 1.4.2021 and the term of notice will be the month of May if the occupant is the one to terminate the contract. If the proprietor would end the agreement the term of notification would end in the end of July if the contract has lasted less than a year. If the rental agreement has lasted over a year the regard to notice will end in the end of October.

When the agreement is made for a fixed term the start and end date of the agreement is worked out when making the agreement. A set term contract ends when the term ends. A fixed term agreement binds both of the celebrations. It is not possible to end or suspend a fixed term agreement. Only way to end a fixed term contract before the term has completed is with an agreement. Both celebrations need to accept end the agreement. If you are considering committing to a set term contract it is necessary to truly consider if you can reside in the house and pay the rent for the whole term. It is also important to think about that according the law a fixed term contract need to always be written.

2. The rent and user fees

Paying the rent is the primary duty of an occupant.
According to the law if the rent is paid with cash it need to be paid on the second day of a month unless the celebrations have agreed something else. If the 2nd day of the month is a Saturday or a public vacation the due date is the following weekday. It suffices if the rent leaves the occupants account on the due date. Simply put, on the due date the lease does not need to be on the proprietors' account. According to the reasonable rental practice the occupant ought to let the proprietor know if they are having any difficulties in payment. If you are ever in a circumstance where you are unable to pay lease, you must contact your property owner.

If any kind of separate costs are not mentioned in the rental contract, it is considered that the quantity of lease contains these sort of charges. Water charge and the electrical energy fee are examples of these type of separate costs. If there are these sort of different charges, they should be paid on the date that is accepted be the due date.

Usually the amount of lease is discussed when revealing the apartment. If the home remains in excellent condition the lease is normally always higher than if the apartment or condo remained in fair condition. The location of the home likewise affects the amount of rent. If the upkeep obligation is passed from the landlord to the tenant this ought to also be considered in the amount of rent.

3. Inspection of the rent (Increasing the lease)

The parties need to concur on increasing the lease on the rental agreement.
Often the validation for increasing the lease is settled on the rental agreement. The most typical reasons for increasing the lease are percent raise or index raise. The index raise is the most common one. The reason for the lease increase and the time of the increase should be specified plainly in the rental agreement.

If the condition thinking about the lease boost is only possible for the proprietor to count the property owner needs to inform the tenant considering the new amount of lease and when it is needed for the renter to start paying the brand-new rent. Landlord must let the occupant understand about this beforehand, for example one month before it is needed for the tenant to start paying the new lease. According to the reasonable rental practice the proprietor must tell the renter about the quantity of the rent increase also when it is possible for the renter to count it by themself.

If the apartment is a subsidized housing constructing the rent boost is based on the law called Aravarajoituslaki. This law offers the property owner approval to charge the occupant the amount of lease equivalent to the quantity that is required in addition the other earnings to cover the costs of these houses and charges of the residential or commercial property management.

The most typical reason for increasing the rent is the index rate. This suggests that the lease is bound to a specific index that follows the development of the economy and living expenditures. The commonly used index are the consumer rate index and the customer index. When the lease is based upon either of these indexes, it needs to be examined as soon as a year. The index raise is counted in the following way: The index rating of the time of the assessment is divided by the index rating of the time when the agreement was made, then this ratio is multiplied by the original quantity of the lease.

1663 (ball game of the time of the boost)/ 1621 (ball game of the time of the initial agreement) = 1,026 (ratio)

The ratio is increased by the original lease. The response is the new increased rent.

Further example:

1,026 (ratio) x 500 EUR (initial lease) = 513 EUR (new increased lease)

If the parties have not settled on increasing the rent, according to the fair rental practice the negotiations of increasing the rent should be started six months before the increase is intended to be efficient. The increase should be affordable, and the increased rent ought to match to the worth of the home. The increase needs to not be over 15 percent unless there have actually been major remodellings to the condition of the apartment or condo.