Tenants agree to pay to rent the Property, and such payments will be made (after the initial payment due on the date of signing) on or before the first day of each month. If the Start Date is on a day other than the first of the month, rent will be prorated for the first month. If you're renting out your home, a Home Rental Agreement is the legal agreement between you and your tenant. It establishes the rights and responsibilities of each party. What will the monthly rent be? How many people can occupy the property? If you are only renting one room, your agreement may be a bit simple. You’ll want to spell out the terms of the lease, and specify which amenities the renter will have access to, such as a shared kitchen, garage, washer and dryer, and shower. Moreover, you do need to be certain that the grammar and basic information in the Commercial lease agreement is correct. If any misspellings are found in the content, then the contract might not be rendered as usable, and that’s surely something to avoid at all costs. Panda Tip: This is the place to list stuff like parking, or use of certain amenities, damages and cleaning policies, pets, smoking, things that are specific to the house property in question.