A standard rental agreement also includes each party`s rental rights and obligations, rent details (amount due, payment frequency, late fees, etc.) and other payment information such as deposit details. A lease (or lease) is a document explaining the conditions under which a tenant rents a residential or commercial property from a lessor. As soon as you agree on the rental price, the tenant must fill out a rental application. This form helps the tenant show that they are trustworthy and contains information such as: Why spend hours or days recreating your housing contract as soon as you can use that lease on the Fly and you have your contract in minutes? Use this default lease template from JotForm! Use a commercial lease if you are renting an office building, retail space, restaurant, industrial facility, or real estate in which the tenant will operate a business. . . .