Some rental properties require the tenant to pay property taxes. This may be done by the landlord, but could be placed on the tenant. 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. The notice period can vary by state so we recommend you check your local laws. Read these guidelines if you aren’t sure what to do when a Tenant is late paying the rent. Keep in mind, in the eyes of the law, room rental agreements aren’t all encompassing. Although courts are more likely to enforce financial responsibilities of both tenants, they are not going to order a delinquent tenant to vacuum the living room, or wash the dishes. It is also advantageous when rental amounts can rise quickly, allowing the landlord to renegotiate the terms of the agreement from month to month. They benefit tenants who only need to stay in a certain place during a transition or when they are unsure of how long they want to rent in the specific area.