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A lease can be written or verbal, but a verbal lease can be very difficult to enforce. If you decide to write your own lease make sure you include a clause that states if any condition is not legal, that the rest of the lease is still in effect.
Most rental agreements are short-term agreements, such as month-to-month tenancies, while lease agreements are usually for longer rental periods, such as six months, a year, or more.
Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.
Legally, a lease is just one way to rent an accommodation. A rent agreement can either be a lease or a licence and will be treated accordingly, based on the terms and conditions and renting period mentioned in the agreement.