![]() The terms of the contract are negotiable between the tenant and landlord and once signed, the form is considered legally and mutually binding. ![]() In layman’s term, it’s a document used for the occupying of space (either commercial or residential) for a period of time in exchange for monthly rent. A rental and lease agreement is a document that outlines the arrangement between an owner of a real estate, known as the “landlord” or “lessor”, and someone else that is willing to pay rent while occupying the property, known as the “tenant” or “lessee”. ![]()
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