If you are renting a house, land or commercial building, you must have a lease. A lease allows a tenant to take up space against payment of the rent to the lessor. Prior to the approval of a lease agreement, the lessor may request credit and fund information from the tenant to ensure that he can afford the rental amount. In addition, the lessor may request a deposit that generally corresponds to one (1) or two (2) months` rent if the tenant does not comply with his obligations under the contract. Payment is normally due on the first (1st) of the month, with late fees or eviction procedures in case of delay by the tenant. After establishing the lease and making everything with your new tenant, both parties sign the contract. . . .