Binding effect – This section of a lease is a widely used clause that is implemented for the purpose of engaging and benefiting the parties involved, as well as their heirs, legal representatives and beneficiaries. Here are some useful definitions of the legal language usually used in lease and lease forms: all adult tenants must receive a copy of the lease after signing. Homeowners and home managers should also keep a copy. Global Agreement – A clause in the lease agreement means that all agreements entered into are included in the document (and its annexes) and no other agreement has been concluded separately. Breaking a lease can have negative consequences, such as legal effects, future rental difficulties, and financial losses. If two (2) parties have signed a lease, they are required to comply with the provisions of the contract. . . .