A property owner is known as the lessor, where as the renter is called as the lessee.
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Gif. A lease contract is used to ensure that the tenant and the landlord have full understanding with what they have agreed upon. A property owner is known as the lessor, where as the renter is called as the lessee.
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Upon expiration or termination of this lease, lessee shall return the property to lessor in substantially the same condition in which the property was received by lessee, taking into account normal wear and tear. Lease contract sample4 by slienid 336 views. Remember that this agreement is a standard residential lease agreement with an option to purchase the property during a period of the term.
Contains complete contract form with detailed explanation of each section of the agreement.
A rental agreement or lease is a contract between a tenant and landlord defining the use of a property. Everyone desire to buy things on cash, in fact nobody wants to involve in the long term dirty procedure of leasing. A lease contract is a temporary document, which can be renewed or terminate as per the decided terms. Landlord hereby leases the leased premises to tenant, and tenant hereby leases the same from landlord, for an initial term beginning start date and ending end date.
