Basic Information On Southern NH Tenancy Conditions

When buying an investment property or renting a home yourself, it is helpful to be informed on the typical conditions. Both landlords and tenants, you hold specific responsibilities. This blog provides basic information on Southern NH tenancy conditions.

Types of Tenancy

Tenancy may be at-will or by lease. There are advantages and disadvantages to both, but the basic difference is the time frames. Leases note certain lengths of time while tenancy-at-will is more indefinite. Before offering a particular type of tenancy, landlords typically evaluate the affect of particular dates (i.e. school start and end dates), the cost of replacing tenants, and other situations.

Responsibilities of Landlords and Tenants

Both landlords and tenants hold specific responsibilities to fulfill. For example, landlords must furnish minimal standards of safety and cleanliness (as defined by law). Tenants must submit rentals payments and avoid causing unreasonable damages. Other conditions may be outlined in a rental agreement, although some conditions may either be mandated by law or not allowed. Ultimately, it is important for all parties to know their rights and to comprehend all provisions in a rental agreement prior to accepting it. It is not uncommon for particular terms to be revised to meet the preferences of both parties.

Types of Deposits

One of the basic items in any tenancy agreement pertains to deposits. A security deposit may be requested to cover expenses related to damages. Last months rent can also be required as a way to prevent tenants from applying security deposits towards the last month or to facilitate a one month prior notification for vacating the property. Receipts should be created for every deposit to protect both parties. Southern NH laws may dictate maximum amounts, where money is deposited (i.e. into an interest bearing escrow account), and time frames for returning it to tenants.

Basic Information On Southern NH Tenancy Conditions

This blog covers only basic aspects of Southern NH tenancy conditions. It is intended strictly as a general overview and should not be considered legal guidance. Speak with an experienced Southern NH attorney for actual legal advice. Comprehensive resources on Southern NH tenancy conditions can also be reviewed on the official state website. Subscribe to our blog for further information on this and similar topics.