You should pay extra attention to your agreement terms. It pays off every time. A detailed lease agreement is the best guarantee of a trouble-free, long-term lease. It also greatly affects your profit.
The basic requirement of a solid lease agreement is that it complies with the law and fair leasing practices. The agreement must be made in writing and its verbiage must be as clear and unambiguous as possible.
However, making a solid profit requires you to account for many other details in the lease agreement. The rent, other fees and rent increases should be calculated very carefully, taking future repair needs into account. As you create the lease agreement, consider your terms and their fairness. If the tenant finds the terms to be fair, they are more likely remain a tenant long term. You should also make sure that both parties have a mutual understanding of the content of the agreement.
Extensive freedom of contract allows the landlord and the tenant to agree on the terms and conditions with relative freedom. However, the landlord should be aware of legally enforceable regulations, i.e. the terms that cannot be omitted or adjusted in a lease agreement.
Both non-fixed term and fixed-term lease agreement forms are available here. We strongly recommend using the Finnish Landlord Association’s agreement template. There are plenty of agreement forms on the Internet, but they do not necessarily include everything required for a smooth lease. Unfortunately, these online forms may also include illegal and invalid terms and conditions.
It is also possible to sign a lease remotely. In this case, the parties can use strong authentication. For instance, sopimustieto.fi provides a remote agreement service.
Include the following in your lease agreement:
- duration of lease
- amount of rent
- security deposit
- rent increases
- moving date
- home insurance
- any special conditions, such as a smoking ban