There may be differences between them, for example, you would normally expect stricter rules for pets in apartments as opposed to houses. In my experience, most places have a clause in the rental agreement that states that you have to get permission for pets. Angela hello, I am looking for rent to buy a property in Manchester, please advise? A reserve fund established in the lease agreement is usually a modest amount of money collected and held by the property manager to cover unforeseen expenses or additional expenses. If the property is well managed, it should not be a large amount, but can be used to smooth the cash flow. Tenants can unite to buy the land ownership, and each of them will then own a share of the land ownership.