A lease (or lease) is a document explaining the conditions under which a tenant rents a residential or commercial property from a lessor. Renewal Letter – To renew a lease and make changes to the agreement, for example.B. the monthly rent. You should list everyone who lives in your property, including tenants and residents, in your rental agreement. Although residents do not have the same legal obligations as tenants, they usually need to be included in the rental agreement to be eligible for protection under the national rent law. However, a resident`s legal rights may vary depending on your jurisdiction, so it`s important to review your local rent laws to clarify. “Premises” are simply the exact address and type of property that is rented, such as an apartment, house or condo.