Tenancy Agreement Nz Sample
When it comes to renting a property in New Zealand, a tenancy agreement is an essential document that outlines the terms and conditions of the rental agreement between a landlord and a tenant. It is a legally binding agreement that protects the interests of both parties, and it is crucial to have a well-drafted tenancy agreement in place.
If you are a landlord or a tenant in New Zealand, it is important to have a tenancy agreement that covers all the necessary aspects of the rental agreement. In this article, we will provide you with a sample tenancy agreement that you can use as a starting point for your own agreement.
Before we dive into the sample agreement, it`s important to understand the key terms that are commonly included in a tenancy agreement. These terms include:
1. Rent amount and payment schedule
2. Duration of the tenancy
3. Security deposit details
4. Maintenance and repair responsibilities
5. Termination of the tenancy
6. Rules and regulations for the property
7. Utilities and services provided
8. Subletting rules and restrictions
9. Pet policy (if applicable)
10. Insurance requirements
Now that you have a basic understanding of the key terms that are typically included in a tenancy agreement, let`s take a look at a sample tenancy agreement for a residential property in New Zealand.
Sample Tenancy Agreement
This tenancy agreement (the “Agreement”) is made on [insert date], between [insert landlord`s name] (the “Landlord”) and [insert tenant`s name] (the “Tenant”).
1. Property Description
The Landlord agrees to rent to the Tenant the residential property located at [insert property address] (the “Property”).
The term of this Agreement shall be for [insert lease term] beginning on [insert start date] and ending on [insert end date]. The Tenant shall vacate the Property by [insert end date] at the latest.
The Tenant agrees to pay the Landlord [insert rent amount] per week/month (circle one) in advance, on or before [insert due date] of each week/month (circle one), beginning on [insert start date]. Payment shall be made to [insert payment details].
4. Security Deposit
The Tenant shall pay the Landlord a security deposit of [insert deposit amount] on or before [insert date]. The security deposit shall be refunded to the Tenant at the end of the tenancy, less any deductions for damages to the Property or unpaid rent.
5. Maintenance and Repairs
The Tenant agrees to keep the Property in a clean and tidy condition and to promptly report any damages or necessary repairs to the Landlord. The Landlord shall be responsible for repairs to the Property that are not caused by the Tenant`s negligence or breach of this Agreement.
Either party may terminate this Agreement upon [insert notice period] days written notice to the other party. If the Tenant terminates this Agreement before the end of the term without cause, the Tenant shall be liable for [insert early termination fee] or the remaining rent for the term, whichever is less.
7. Rules and Regulations
The Tenant agrees to comply with all rules and regulations for the Property, as outlined in the schedule attached hereto. The Tenant shall be responsible for any damages caused by the Tenant`s failure to comply with the rules and regulations.
8. Utilities and Services
The Tenant shall be responsible for paying all utilities and services used during the tenancy, including [insert utilities and services]. The Tenant shall promptly notify the Landlord of any utility-related issues.
The Tenant shall not sublet the Property or assign this Agreement to any other person without the Landlord`s prior written consent.
[Insert pet policy, if applicable]
The Tenant is responsible for obtaining and maintaining appropriate insurance coverage for the Tenant`s belongings and liability.
12. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of New Zealand.
This sample tenancy agreement is provided as a guide for landlords and tenants in New Zealand. It is important to remember that each tenancy agreement is unique and should be tailored to the specific needs of the landlord and tenant. It is always advisable to consult with a legal professional to ensure that your tenancy agreement complies with New Zealand`s tenancy laws and regulations.