Lease Agreement
/ˈliːs əˌɡriːmənt/
Definitions
- (n.) A legally binding contract in which the owner of property grants another party the right to use or occupy the property for a specified period under agreed terms.
The lease agreement stipulates the tenant must pay rent on the first of each month.
Forms
- lease agreements
Related terms
See also
Commentary
Draft clearly the duration, payment terms, and obligations to avoid ambiguity in lease agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.