Next post: TERMINATION OF SALE MUTUAL RELEASES – Various legal forms These documents must be checked correctly, even with the help of a lawyer. Once it is signed, it is legal and binding. The document contains all possible terms and conditions, including the amount of rent to be paid and the amount to be paid, as well as other penalties if the rent is not paid on time. However, several factors need to be considered. Insurance generally does not cover buyers who live as tenants. There could also be problems if there are problems with the house – the grip, which will deal with repairs or damage.