24 jun Who Can Sign a Rental Agreement
When it comes to signing a rental agreement, it`s important to know who is legally allowed to sign on behalf of a lease. This is especially important for landlords and property owners who need to ensure that they`re entering into a legally binding contract with the right parties.
So, who can sign a rental agreement?
1. Adults – The first requirement for someone to sign a rental agreement is to be an adult. In most cases, this means being 18 years or older. This is because minors cannot enter into legal contracts without the consent of their legal guardians or parents.
2. Joint Tenants – If two or more individuals are planning to rent a property together and share the same lease agreement, they can all sign the rental agreement. This is known as a joint tenancy agreement, and all tenants share the same rights and responsibilities for the property.
3. Guarantors – In some cases, landlords may require a guarantor if the tenant has poor credit history or lacks a steady income. In such cases, a guarantor can sign the rental agreement and be held responsible for rent payments should the tenant default.
4. Authorized Agents – If the tenant is absent or unable to sign the rental agreement, they may appoint an authorized agent to sign the lease on their behalf. This can be a lawyer or a family member who has been granted power of attorney.
5. Licensed Representatives – In some cases, landlords may hire licensed property managers to handle the leasing process and sign rental agreements on their behalf. This is common for large residential or commercial properties where the owner may not have the time or resources to handle everything themselves.
In conclusion, the above-mentioned parties can sign a rental agreement. However, it`s important to note that anyone who signs the lease agreement is bound by its terms and conditions, including rent payments, maintenance duties, and other responsibilities. It`s always advisable to consult with a lawyer to ensure that the lease agreement is legally binding and enforceable.