A well written lease agreement spells out the rights and responsibilities of both lessor and lessee, and it also helps avoid future disputes. Since 2010, nothing said or agreed orally will change any part of the written lease unless it is put down in writing and signed by both parties.

Any party who does not agree to the entire written lease document should not sign it because once the contract is signed it will bind him or her to fulfil the terms of the agreement exactly as it is written. Thus it is important to seek advice from an impartial professional before entering into a contract of lease.

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