Even if you are providing the rental informally, creating a record of any commitments to those renting from you is key. Signing a Condo Lease could be good for you because of the following list of benefits:
The duration of the rental period is established
Everyone knows when rent is due
All parties understand their responsibilities
Without a Condo Rental Agreement, you and the tenant might have to manage one or more of these consequences: unexpected changes, not being paid in a timely manner, and little to no recourse when a dispute arises.