If the tenancy agreement is set but one or both of the parties do not agree on certain provisions in the tenancy agreement, revisions are possible. In this scenario, both parties should be extremely careful that proper wording is included especially if both parties have no education on law whatsoever. Putting down simple thoughts and compromised policies may not transcribe to proper legal wording. There are however, straightforward alterations that both parties can change themselves. One example is the housing of pets in the property. Legally, it is advised that any alterations done in the agreement should be signed or initialed by both parties as proof that they both agree to the alterations before the actual policy takes place.
Partner Compensation_ This is with regards to the skill set or manual labor brought in by a partner to the business. It may be likened to an employee compensation, wherein the person is paid for the service he or she renders to the business. If the partner is also the operations manager, the compensation for that job position should be clearly established in the partnership agreement.