Real Estate Lease

A real estate lease is a legal agreement between a property owner (landlord) and a tenant, allowing the tenant to use the property for a specified time in exchange for rent. The lease outlines essential details, such as the duration of the rental, payment amount, and responsibilities for maintenance and repairs. It protects both parties by clearly defining their rights and obligations. Leases can apply to residential properties, like apartments, or commercial spaces, like offices, and usually require signatures from both parties to be enforceable.