Leasing or renting is frequent among people who are temporarily staying in a place, who do not have enough funds to buy a new house, or entrepreneurs who do not have enough funds to purchase their commercial property. A lease agreement contains conditions regarding the staying in a property, signed and executed by the landlord and the tenant. Should the tenant be in default, the landlord has a legal basis for the repercussions of the tenant’s actions. A lease agreement may be monthly or yearly and should be straightforward and all-encompassing.
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