property leasing

Property leasing is a legal agreement where a tenant gains the right to use a property—such as an apartment, house, or commercial space—for a specified period, in exchange for regular payments called rent. The landlord retains ownership and sets terms like duration, rent amount, and responsibilities for maintenance and repairs. Leasing provides tenants with temporary use without full ownership, while landlords earn income and retain property rights. The lease contract protects both parties, outlining rights, obligations, and conditions to ensure a clear understanding throughout the agreement.