41+ Printable Lease Agreement Template Pictures. Commercial lease agreements are much more complicated than the residential leases as the terms and conditions are negotiable and flexible. A standard residential lease agreement (or rental agreement) is a written document between a landlord and tenant that formalizes an agreement to rent real property for a fee.
When it comes to a residential rental, the lessor is the property owner or landlord, and the lessee is the tenant.
If you're moving into an apartment, a new living situation with someone who could be considered a landlord or if you're thinking of becoming a landlord, one of the most important steps is having a functioning lease agreement. This lease agreement template is designed in ms word 2007 that provides you with expert and flexible editing features. Vertex42.com is not a law firm and does not provide legal advice or legal representation. A lease or rental agreement is a legal contract between a landlord and tenant for the use of commercial or residential property in exchange for monthly rent.