Contracts in a Home Swap
Introduction
When you swap apartments, you take over an existing lease from your swap partner - and vice versa. But what about the agreement between the two of you? Do you need a contract? And what should it contain?
In this guide, we cover everything about contracts and agreements in a home swap, so you can protect yourself against unpleasant surprises.
Do You Need a Contract Between You?
The short answer is: Yes, it is strongly recommended.
Although home swapping is regulated by law, and you both receive new leases with your respective new landlords, there are many matters not covered by these leases. A written agreement between you and your swap partner protects both parties.
What does the lease cover?
Your lease with the landlord covers:
- Rent and payment terms
- The condition of the home at move-in
- Termination terms
- House rules
What does the lease NOT cover?
- Agreements between swap partners
- What happens if the swap falls through
- Practical matters relating to the swap itself
- Handling of the deposit between you
