What is a lease agreement?

What is a lease agreement?

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1 answer


by liam , a year ago


A lease agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting a property. It specifies important details such as the duration of the lease, the amount of rent to be paid, the responsibilities of both parties, and any additional terms or conditions related to the rental property. This agreement provides clarity and protects the rights and interests of both the landlord and the tenant during the tenancy period.