Creating a comprehensive lease agreement is essential for protecting both landlords and tenants. A well-drafted lease agreement establishes clear expectations and helps prevent costly disputes.
What is a Lease Agreement?
A lease agreement is a legally binding contract between a landlord and tenant that outlines the terms and conditions of renting a property.
Key Components
- Property details and description
- Lease terms and duration
- Rent amount and payment schedule
- Security deposit requirements
- Tenant and landlord responsibilities