As a landlord, one of the most important aspects of renting out your property is creating a written tenancy agreement with your tenant. This legal document outlines the terms and conditions of the tenancy, and helps to protect both you and your tenant. Here are some key things to include in your tenancy agreement:

1. Names of the parties involved: Be sure to include the full legal names of both the landlord and the tenant.

2. Property details: Specify the address and any other relevant details about the rental property.

3. Rent payment details: Include the amount of rent, due date, and any late fees or penalties for late payments.

4. Security deposit: Specify the amount of the security deposit and under what conditions it may be deducted.

5. Length of tenancy: Indicate the start and end date of the lease. If it’s a month-to-month tenancy, make sure to include the notice period required to end the tenancy.

6. Tenant responsibilities: List any specific responsibilities of the tenant, such as maintaining the property or paying for utilities.

7. Landlord responsibilities: Outline any responsibilities that the landlord will be responsible for, such as repairs or maintenance.

8. Prohibited activities: Be clear about any activities that are not allowed on the property, such as smoking or having pets.

9. Subletting: Indicate whether subletting is allowed, and if so, under what conditions.

10. Termination clause: Include a termination clause that outlines the circumstances under which either party can terminate the tenancy early.

By including these key elements in your tenancy agreement, you can ensure that both you and your tenant are on the same page and are protected in the event of any disputes. As always, it’s important to consult with a legal professional to ensure that your tenancy agreement is legally binding and enforceable.