Owners who use LawDepot`s residential lease have the option to choose a standard or full agreement. A global contract offers more possibilities and legal protection than a standard contract. A housing rental agreement is a lease that applies specifically to rental housing. It describes the terms of a lease, including the rights and obligations of the landlord and tenant. Landlords and tenants can use a residential lease agreement for different types of residential properties, including apartments, houses, condominiums, duplexes, townhouses and more. Renting real estate is a serious activity that requires the guarantee of a written lease. Not having one could cost you a lot of money. If a landlord has to enforce the property or change the rental terms, all the necessary legal proceedings without the basis of a signed rental agreement to clarify the rental terms become much more difficult and expensive.. . .