A Tenancy Agreement is a formal letter to indicate the Landlord’s terms and conditions on letting out his property. You and your respective agents will have to sign it. Most Tenancy Agreements include clauses relating to the right and responsibilities relating to maintenance and any repairs (including air conditioning servicing), payment of utilities, conditions of the security deposit, details of what happens if rent is paid late (or not at all), details of what happens in the event of an early termination.

To better understand what the Tenancy Agreement is, read more here. 

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