How to draft a lease agreement?
Due to the fact that it binds two or more parties, often referred to as the landlord and tenant, a lease contract is considered to be the most important legal form in real estate.
There is a rental agreement in the lease contract that specifies the tenant's right to live and the landlord's right to retain ownership of the property.
In essence, a lease is a contract where a party owns or leases an asset for use by another party (lessor), either for a fixed consideration (rent), or depending on variables.
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