Who Needs a Rental Agreement

(My Original Blog Post: http://ping.fm/0L2jn)
As a landlord renting out property or a tenant renting the property, for the safety of your money and to gain an understanding of what your renting out or renting, you would definitely want to consider having a rental agreement signed and dated by the landlord and the tenant. This agreement is a form of insurance for both parties involved. The rental agreement is a legally binding contract, that explains the rent payment and payment schedules, it discusses the options of pets, damages, and property usage.