Panda tip: laws change and you don`t want your entire agreement to be compromised by a change in the law that you knew nothing about. This mitigates the blow to such a situation. In this type of agreement, a tenant pays a non-refundable option fee in exchange for the option to buy the house at a predetermined price. If the tenant decides not to buy the property, the lessor retains the option fee. Learn more about terminating your lease if you are sure that Shorthold tenants are renting privately We have a housing rental agreement and a boardinghouse lease for landlords. Owners can also create their own, provided they contain the minimum information required by law. The only way to prematurely terminate a rental agreement without interruption is if the tenant has violated the terms of the rental agreement. .