Global Agreement – A clause in the lease agreement means that all agreements entered into are included in the document (and its annexes) and no other agreement has been concluded separately. You should include in a rental agreement the following information and clauses: This presentation of the equipment rental agreement serves as a written legal document specifying the conditions, responsibilities and obligations of the owner and tenant when renting the equipment. Once the lease is concluded and signed, give the tenant the keys so that he can move into the property. A lease is a common legal document that allows a person or business to rent property to the owner. Most housing contracts are valid for one (1) year, while most commercial contracts generally apply for several years. Homeowners and home managers should also keep a copy.