A rental or tenancy agreement is a legally binding contract between a lessor and a tenant that describes the conditions under which the tenant can rent a property from the lessor. Panda tip: Sometimes leases go so far that they even forbid pushing a nail into the wall to hang an image. This can be a good place to add information especially for this rented property. Method of payment: Tenants agree to pay their rent in the form of late charges, if the rent is not paid by the _______5th_)) on the due date, the tenant agrees to pay a late fee of $ ___ Notifications, if the tenant decides to leave the premises, written notice in writing is required for the lessor. by completing your lpa, from the 1st date of ________ and then monthly until __th day of ____ on which this contract is terminated, the lessor rents the relocated premises to the tenant under the following conditions: 1. . . .