Tenants who rent commercial real estate have a large number of rental types, all structured in such a way that they entrust more responsibilities to the tenant and offer the landlord a higher additional profit. Some commercial leases require the tenant to pay the rent plus the landlord`s operating costs, while others require tenants to pay the rent plus property taxes and insurance. Among the four most common types of commercial real estate rental contracts are: to rent in many residential buildings (otherwise called leasing), a tenant (tenant) often has to prove rental insurance before signing the lease. There is a special type of homeowners` insurance in the United States specifically for tenants – HO-4. This is commonly referred to as tenant insurance or rental coverage. Like condominium coverage, called the HO-6 policy, a tenant`s insurance policy covers aspects of the apartment and its contents that are not specifically covered in the written ceiling policy for the complex. This policy can also cover obligations resulting from accidents and intentional injuries for customers and passers-by up to 150` from home. Tenant policies offer „designated danger” coverage, which means the policy states exactly what you`re insured against. Common coverage areas are: It can be tempting to skip all the paperwork and go straight to an oral contract. However, rental agreements are complex and contain many rules and requirements when it comes to renting a home. As a general rule, you should not rely on an oral lease, even if they are allowed in your country.