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the condominium rental agreement what is a condominium rental agreement a condominium rental agreement is a document where two parties the tenant and the landlord agree on the terms of renting a condominium why would you need to create a condominium rental agreement a condominium is a building having many similar property units where dwellers share the rights and responsibilities regarding common areas this type of property is quite common especially in big cities which is why many people choose to temporarily live in such dwellings and therefore need to create a document that would lawfully let them use the landlords property and agree to pay a fixed rent for a landlord the document is evidence of getting rent payments legally and offering good living conditions to a tenant it is also a binding document that helps protect them in case a tenant causes damages to the premises what should a condominium rental agreement include some of the most important provisions in a condominium leas