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Per month as Rent for the Term of the Agreement. Apartment; Condo; Duplex; House; Office; Townhouse.Rental lease agreements are legally binding contracts. A lease agreement allows a tenant to occupy space in exchange for the payment of rent to the landlord. In layman's term, it's a document used for the occupying of space (either commercial or residential) for a period of time in exchange for monthly rent. Notice when rent not paid under tenancy for less than three (3) months.