Standard Room Rental Agreement is a more detailed room rental agreement. This agreement highlights the different rules of the premises along with other liabilities. How many people will be given a key? Will the building have security and access cards? For example, some properties will have an independent contractor do repair and maintenance in the building. You’ll need to decide what works best for your needs and make sure that information is included in the contract. With this information in hand, you’ll be adequately prepared to execute a commercial lease. However, there are other things that need to go into a business lease. Word of mouth or an oral confirmation is not enough to define an owner-tenant relationship in most cases. A written agreement is necessary to help resolve disputes that may arise in future. By signing on the dotted line, they’re putting it in writing that they understand and give permission for this.