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This kind of agreement is legally binding on the parties and the purpose is for keeping track of situations when renting out a property. A Tenancy Agreement should have the property details, rental amount and deposits, tenancy period and renewal option, landlord's responsibilities, tenant's obligations, house rules, prohibitions and limitations, as well as how to solve disputes. This lease is valid for some specific time and tenant has to leave the house after that if asked by the owner.
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A lease agreement allows a tenant to occupy space in exchange for the payment of rent to the landlord. Get downloaded online and start customizing. Written documents are always expected to be maintained while renting, irrespective of the kind of relation shared by the landlord and the tenant.
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