Once you have found the ideal rental apartment, it feels wonderful. However, don’t get too excited and forget the final step in the home renting process. This step is crucial for both tenants and homeowners: finalizing a legal contract between you and your landlord, known as a tenancy agreement. Here are some key terms that should be included:

**Full Legal Names of Tenants and Landlord**

The rental agreement must include the full legal names of both the tenants and the landlord. Ensure that your full name is written exactly as it appears in your official documents. Small errors, like spelling mistakes or missing surnames, can create a lot of confusion. To avoid discrepancies, use the same names as on your official identification documents. If you are renting as a couple, make sure both your names are included in the agreement. Also, submit all necessary identity proofs to your landlord before moving into the new home.

**Agreement Period**

The rental agreement will specify how long you are allowed to stay in the apartment. This can range from six months to a year or more, depending on the terms. There are generally two types of tenancy agreements: fixed-term and periodic. A fixed-term tenancy is valid for a specific period, while a periodic tenancy is renewed weekly or monthly. With a fixed-term tenancy, neither the tenant nor the landlord can end the agreement before the term expires. At the end of the lease, both parties can negotiate and renew the agreement. To terminate the agreement, the landlord must give the tenant a ninety-day notice.

**Rent and Payment Method**

Although the rent is usually decided after negotiation between the tenant and the landlord, it is essential that the agreed amount is clearly stated in the lease agreement. Additionally, the agreement should specify the due date for rent payments, the method of payment (such as check or money transfer), and any other important terms. If there is any ambiguity, such as the tenant not paying rent on time or delaying payments, the landlord has the right to file a complaint against the tenant at any time.