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Before signing a residential tenancy agreement (lease) in NSW, it's essential to understand that this is a legal document detailing the rights and responsibilities of both the tenant and landlord. The lease specifies the rent amount and the payment schedule. It is crucial to read the lease thoroughly and ensure comprehension of its terms. If unclear about anything, seek clarification from the agent or landlord, or consult someone you trust. Lease periods are typically discussed prior to signing and can vary, commonly lasting six or twelve months. There is no fee for lease preparation, and prior to signing, the agent must provide a new tenant checklist to help you consider important factors.