A tenancy agreement or lease is a legal document that is an agreement between a real estate owner known as a “lessor” or “lessor,” and someone else who is willing to pay rent during the occupancy of the property, known as a “tenant” or “tenant.” Use a monthly rental agreement if you don`t want to commit to renting your property for a whole year or more, but you still need to protect your rights. With a monthly lease, you (and your client) can be flexible. If the owner owns personal property (furniture, appliances, decorations, etc.) that are on the site and is available to the tenant, the landlord must keep a record of this personal property, so there is no doubt about it when the life term expires. Such items may be listed in the raw material in this section or may be included in a separate document attached to the lease as Schedule A.