Lease signers are individuals who enter into a legally binding agreement with a landlord or property owner to rent a property. The two most common lease signers are RENTERS and TENANTS, both of which are seven-letter terms. RENTERS are people who pay rent to use a property for a short period of time, usually on a month-to-month basis. TENANTS, on the other hand, are people who have a longer-term agreement with a landlord and typically pay rent on a yearly basis. Both RENTERS and TENANTS are responsible for abiding by the terms of the lease agreement and paying rent on time.