Lease Agreement Document
A Lease Agreement Document is a contract type that involves a temporary transfer of use agreement where one party (the lessor) grants another party (the lessee) temporary use of an asset in exchange for legal consideration.
- Context:
- It can (typically) include Lease Agreement Articles, with Lease Agreement Clauses, with Lease Agreement Provisions.
- It can (typically) define the Lease Term Duration, Lease Payment Amounts, and conditions under which the lease may be renewed or terminated.
- It can (typically) be between a lessor (property owner) and the lessee (tenant).
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- Example(s):
- A Real Estate Lease Agreement (RELA), which pertains to the rental of real estate properties such as apartments, houses, and commercial spaces.
- A Commercial Lease Agreement, which governs the rental of commercial properties used for business purposes, such as offices, warehouses, or retail spaces.
- An Automobile Lease Agreement, which is used for the long-term rental of vehicles.
- A Equipment Lease Agreement, for equipment typically ranging from heavy machinery to office appliances.
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- A Real Estate Lease Agreement (RELA), which pertains to the rental of real estate properties such as apartments, houses, and commercial spaces.
- Counter-Example(s):
- A Rental Agreement, which is typically more short-term and flexible than a lease agreement.
- A Purchase Agreement, which involves selling and transferring property ownership.
- A Loan Agreement, which is a financial contract between a borrower and lender.
- See: Rental Agreement, Sublease Agreement, Tenancy Agreement, Real Estate Law.