Lease Agreements: Protecting Tenants And Landlords

A lease agreement sets the terms and conditions for a commercial transaction between a tenant and an owner. One party agrees to rent property or assets from another in exchange for a fee or payment. These agreements make rental relationships legally enforceable while protecting everyone's rights by laying out the terms. They outline rules and regulations regarding expenses, maintenance, repairs, duration, termination, insurance, and dispute resolution. Lease agreements are suitable for commercial and private purposes, including renting land, vehicles, buildings, and equipment. Depending on their application, these contracts include real estate agents, owners, landlords, property managers, and leasees.