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This clause states that tenants are jointly and severally liable for the full rent amount. It binds both landlord and tenant to the terms of the lease agreement for a certain period of time.A lease or rental agreement sets out the rules landlords and tenants agree to follow in their rental relationship. 1 of 3Dec 7, 2020 — Whenever a renting process is arranged, the most appropriate way to go is with a Lease Agreement.