Lease Out Contract - Master Data Structural Relations

Dear Gurus,
I am new to FX RE and if my question is too simple, please excuse me!
I am researching the possibilities for the master data structure of lease in contracts and have a serious confusion.
The documentation says that objects can be assigned to a contract individually or many objects related to one contract. At the same tim it is said that rental units are assigned only to lease out contracts.
How should i proceed if my company has got many lease in contracts for different object. Is it a must the contract to be assigned to an object or it can be managed just as a contract? I saw that from the RE Navigator you can create a contract, does that mean that in FX RE the contracts itself is considered as master data record?
Any opinions will be highly appreciated.
Many thanks in advance!

Dear Kumar,
Sorry if I ve been confusing. I will try to make it more clear.
I am working for a Teleco and i am researching the possibility of implementing FX - RE internally. We will not need all the functionalities of the module, but only the ones that allow you to manage your lease in contracts. We`ve got lots of base stations contracts (as you can imagine) where our company is a tenant in a lease contract. 
I did some research in relation to the master data structure and cant work out how should our master data be structured. The business requirements are  - handling the advance payments, accruals and postings, giving and receiving notices, adjustments of rent etc. Is it possible to create the contract within the system,  set all the conditions directly in it or do we need to have another master record other that the contract itself.
My confusion comes from the fact that the standard solution of the lease outs suggests creating a rental unit first and then assigning the contract to it. But since we will be tenants we dont need to more detailed information on these objects, we just need the conditions in the contract that will let us handle all the activities that arise in connection to it.
I hope that i put the question more clearly this time.
Can you also tell me if it is possible to create a template and after entering the conditions about the particular contract to generate it from the system on a hard copy?
Many thanks and sorry if i cant make myself more clear!

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