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Ques. How does it benefit to have a written lease agreement, and are there any advantages to having one? Ans. A professional landlord will never make the mistake of renting out his / her property without a formal written agreement. The chief advantage of putting down rental terms in writing, serves to defend a landlord's right to hold the tenant responsible for paying rent for the entire duration or term of the lease, even though the tenant may have moved out, much before its expiry.