Source: Home Business Online
A lease is a legal document, but can be an oral arrangement, which confers a right on one person (called a tenant or lessee) to possess property belonging to another person (called a landlord or lessor) to the exclusion of the owner landlord. The consideration for the lease is called rent or the rental. This is a template which can be used as a lease agreement. The information in this template is designed to provide an outline that can be followed when formulating business or personal plans or entering into a lease agreement.