Tenancy agreements are of utmost importance when it comes to renting a property. It is a legally binding document that outlines the terms and conditions between the landlord and the tenant. In Sri Lanka, it is mandatory to have a tenancy agreement in place when renting a property, and it is essential to understand the meaning of the agreement. For Sinhala speaking individuals, it is necessary to know the meaning of the tenancy agreement in Sinhala.
The tenancy agreement, or “ලස්සන කාර්යාලය ගෙවීමේ අනුමත සහිත ලිපිය” in Sinhala, is a legal document that outlines the terms and conditions in which a landlord rents out a property to a tenant. It is important to note that the tenancy agreement does not only protect the landlord`s interests but also the tenants.
The tenancy agreement includes various aspects of the rental property, including the duration of the tenancy, the rent amount, the security deposit, the maintenance responsibilities of both the landlord and the tenant, the notice period required for termination of the tenancy, and other terms and conditions.
The agreement also outlines the payment method and the due date of the rent. It is essential to be aware of the payment terms to avoid any misunderstandings or legal disputes. The tenant should ensure that they have a clear understanding of the amount of rent due each month, as well as any other charges that may be applicable.
The agreement also addresses the maintenance of the property. The landlord must ensure that the property is in good condition when the tenant moves in, and it is their responsibility to carry out any necessary repairs or maintenance. On the other hand, the tenant is responsible for keeping the property clean and tidy.
In summary, the tenancy agreement is a critical document when renting a property in Sri Lanka. A Sinhala speaking individual should have a clear understanding of the agreement`s contents before signing it. The agreement should be read thoroughly and any doubts or concerns should be addressed with the landlord before signing. This will ensure a smooth and hassle-free tenancy for both the landlord and the tenant.