However, a resident`s legal rights may vary depending on your jurisdiction, so it`s important to review your local rent laws to clarify. Owners who use LawDepot`s residential lease have the option to choose a standard or full agreement. A global contract offers more possibilities and legal protection than a standard contract. In addition to the information contained in a standard contract, a full rental agreement can determine whether the property is furnished or not (with the possibility of including a description), appoint a house manager acting on behalf of the lessor and indicate whether the tenant can run a home shop on the site. Both the tenant and the lessor must keep a copy of the signed agreement for their documents. This type of rental agreement also allows the landlord to include a deposit or fee for pets and contains information about a guarantor (i.e. a third party, such as a relative or close friend, who agrees to cover financial obligations if the tenant is late in rent). A tenant is a person who signs a lease and binds it under the conditions set out in the rental agreement. The lease exists only between the tenant and the owner. TIP: It is recommended that you check the rental laws of your country for more information if you want to sign a long-term lease. Standard residential rental agreements may also contain additional equipment, such as: You do not need to have your lease notary certified as rental agreements are generally considered short-term contracts. .