A credit agreement obviously does not apply to a lease, and the rules on the regulation of distance selling were changed in 2014 and leases were excluded from the rules. This means that if your tenant signs on the dotted line, they are legally bound by the terms of the lease. With this in mind, you can offer your tenant the opportunity to sign a waiver. This document, signed by both the tenant and the owner, allows the tenant to waive his legal responsibility for the property, but accepts that he also waives all legal rights he has over the property. It essentially wipes “clean slate”. You can live in a property as long as you pay rent and follow the rules. It also sets out the legal terms of your rental. It can be written or oral (an oral agreement). Of course, renting your property and hiring a local rental agent will ensure that your lease is 100% compliant with the law and legally binding. However, if you are a private landlord navigating the process yourself, there are a number of bases you need to cover for a lease to be legally binding. If there is a dispute and you do not add any necessary information, the contract will not be used as a legally binding document. Certain legal laws apply even if they are not expressly stated in the rental agreement. .