If you`re a tenant in California, you need to know the ins and outs of the latest rental agreement. In 2019, California made some changes to the laws governing rental agreements. Here`s everything you need to know.
First, you need to know what a rental agreement is. A rental agreement is a legal contract between a landlord and tenant that outlines the terms of renting a property. The latest rental agreement, passed in 2019, contains several significant changes.
First, landlords are now required to provide a written lease agreement for any tenancy that lasts 12 months or more. This provision helps protect tenants, as it ensures that they have a written agreement that outlines their rights and responsibilities.
Further, the rental agreement now requires landlords to provide tenants with a truth-in-renting statement. This statement outlines all the major terms of the rental agreement, such as the rent amount and when it`s due, as well as any significant restrictions on the property.
Another significant change to the rental agreement is the requirement that landlords give tenants a copy of the rental agreement before they move in. This change ensures that tenants know exactly what their lease agreement says before they make any binding commitments.
Finally, the rental agreement now requires landlords to provide a notice of security deposit. This notice outlines the amount of the security deposit and any deductions that might occur. Landlords need to ensure they follow the appropriate procedures for handling security deposits, or they could be liable for significant damages.
As a tenant, it`s essential to read and understand your rental agreement in its entirety. Remember, it`s a legal contract, and you`re agreeing to abide by the terms outlined in it. If you have any questions about your rental agreement, it`s best to speak with an attorney who can guide you through the process.
In conclusion, the 2019 rental agreement contains several significant changes that protect tenants` rights and ensure that landlords uphold their obligations. By understanding the terms of your rental agreement, you can make sure that your renting experience in California is a positive one.