The lease is used to create an agreement that would be legally binding between the lessor and the tenant. This is done to avoid unwanted problems that may arise. It is used to capture the type of rental agreement offered, the time during which the rent should be paid, who has the obligation to repair and decorate the property, the conditions for terminating the lease and many other important factors. In some cases, the lease could also cover the problem of subletting part of the building and other things such as raising pets and gardening. The model lease agreement is comprehensive enough for owners and tenants to use for their transaction Anyone involved in renting real estate should have a residential building rental agreement that sets out the contractual terms and legally protects all parties involved. The document also contains leasing features, for example.B.