The agreements, understandings, conditions and warranties of this Agreement are binding on the owners and tenants and their heirs, executors, trustees, successors and recipients of the assignment and do not create rights over another person, except as expressly provided. On the other hand, residential tenancy agreement is also called residential rental agreement formed by owners for the rental of real estate for residential purposes. The fundamental difference between the two contracts is that the commercial lease applies to commercial lease property, while the residential lease applies to the purpose of the residence. If we compare the two, commercial leases are complex and more complicated than residential leases. . . .