Businesses do this because it often costs them less to rent than it does for them to buy the property. Commercial leases allow companies to negotiate terms and responsibilities with the lessor, and it offers them an issue if they have to move or close the store. It is useful for businesses to rent, especially for chain stores and retail centers. The room tenancy agreement is for the use of space by a third party (third), known as a “tenant” or “tenant,” for the use of a party venue such as wedding, graduation, etc. The space must be described by the owner and, at the time of the rental, the event must be described at the same time as the payment plan and all non-refundable fees and/or guarantees. It is recommended that the lessor require the lessor to receive a non-refundable deposit within 30 days of the event. Another important aspect that is discussed in the lease is the allocation and sublease.