What Is An Agreement For Lease

However, if the lease is to be concluded in about six months, the parties may want to reach an agreement earlier to provide assurance that the lease will be concluded if necessary (and that the other party will not withdraw unexpectedly). A rental agreement would also be required if certain conditions must be met before the lease is concluded. B, for example, if the landlord or tenant has agreed to carry out work on the premises before entering into the lease. A plan is often attached or included in the lease and specifies what work needs to be done and who is required to do the work – owner or tenant. A tenant looking for a long-term lease may be put off by the flexibility of a monthly lease, which may allow them to be subject to frequent rent increases or indefinite rental periods. .