A Lease Agreement is usually described as a legally binding, pre-negotiated contractual arrangement signed by/between the lessor (landlord) and the lessee (tenant) which outlines the terms and conditions regarding the rent of a property.
The Commercial Lease is generally particular to lessee utilizing the leased property for residential or commercial purposes, contingent on the type of leased property. Nevertheless, there are other detailed, complicated agreements that may even turn the supposed tenants away. Regardless, there is a simple solution: Make it easy and understandable. Therefore, putting everything on a single page not only makes it easy to read but more acceptable to both the tenants and the landlords.
This simple One-Page Lease Agreement provides the fundamentals of a Lease Agreement, including the name of both parties, the property to be rented, amount of funds agreed, time-period of the lease, the purpose and restrictions of the lease and any other fixtures in the leased property. One may think of the consequences of breaching a lease agreement or to think of if a lease agreement is legally binding or not, that actually depends on the nature of the agreement signed by the two parties.
Utilize this One-Page Lease Agreement template for your personal or business purposes and save your time as well as energy.
(Download Lease Agreement Template doc/pdf at end of this content article)
This Property Lease Agreement is settled on [Date of Agreement] By/Between Lessor/Landlord [Name of Lessor] And Lessee/Tenant [Name of Lessee].
The Lessor/Landlord thus agrees to rent out the property situated in/at [Address of Property] for a period of 1 year, and shall begin and end, or maybe renewed subsequently, on the pre-approved sum of US$ [Amount of $] to be paid every month, and the US$ [Amount of $] to be reimbursed upon the completion of the leasehold.
Terms and Conditions
The leased property shall only be utilized for the purpose of residence.
The tenant thereby consents to endow for any utilities or services utilized in the leased property upon the continuity of the leasehold.
The leased property holds the below-mentioned furnishings:
- Gas stove,
- Microwave oven,
- 6 cubic ft. Refrigerator,
- Fully automatic washing machine.
Any damaged or repairs shall be propped up by the tenant.
The Lessor/Landlord and the Lessee/Tenant hereby agrees and understands all the terms and conditions set forth in the leasehold.
Signed on [Date of Signatures],
Signature of the Landlord/Lessor
Signature of the Tenant/Lessee