Real Estate Leases

A real estate lease is a legal agreement between a property owner (landlord) and a tenant, allowing the tenant to occupy and use the property for a specified period, typically in exchange for rent. The lease outlines the terms, including rent amount, duration, maintenance responsibilities, and rules for use. It protects both parties by clarifying rights and obligations, ensuring that the tenant has a secure space to live or operate a business while providing the landlord with rental income. Understanding a lease is crucial in real estate transactions to avoid disputes and ensure compliance.