Lease Agreement

A lease agreement is a legal contract between a property owner (landlord) and someone who wants to use the property (tenant). It outlines the terms for using the property, including the rental amount, payment schedule, duration of the lease, rights and responsibilities of both parties, and rules for property use. The agreement protects both sides by clearly defining expectations and obligations. Essentially, it formalizes the rental arrangement, ensuring that the landlord can receive rent and maintain control over the property, while the tenant secures the right to occupy the space legally for the agreed period.