A real estate lease is a written agreement between a Landlord and a Tenant establishing the rights and responsibilities of each party. The Landlord is the owner of real estate (also known as "premises") who rents that property to a Tenant for the Tenant's use. A "residential" lease applies to real estate used as a residence, while a "commercial" lease applies to business property. This program provides a standard form lease that contains a comprehensive set of provisions and options which automatically includes many of the standard Lease provisions that most landlords would select when renting an apartment. The provisions included favor the landlord, and attempt to protect the landlord at the expense of the tenant in many key provisions. A written lease should be prepared and signed whenever property is rented to reduce the likelihood of misunderstandings between the Tenant and the Landlord regarding the rental arrangement. |