A rental agreement sets out the rights and obligations of both parties (i.e. the tenant and the landlord). It also contains agreements covering various matters such as notice periods, the type and amount of payments, and information on what to do in the event of damage or faults. It is important to note that as soon as you have signed the rental agreement, it becomes legally binding. This means, for example, that you must pay the agreed rent for the duration of the contract.