A: I think I'm ready to sign the lease. B: Good! Let me just go over some key points. A: If you feel the need to do so, then go ahead. B: By signing this contract, you are agreeing to rent the apartment for a certain amount of time. A: Yes, I am aware of this. The lease is for one year. B: Are you ready to make that commitment? A: Yes, I am. What else? B: No pets in the apartment. A: Don't worry. I have no pets. B: There'll be a late fee of $20 if you don't pay on time. A: I have no problem with that. Where do I sign? B: Write your signature here, and your initials here and here.