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Lease agreements are legally binding contracts that explain the obligations and rights of the tenant and landlord. The terms of the agreement are negotiated by the parties and, if the tenant is approved after filling in a rental application, a lease is written.

By state alabama alaska arizona arkansas … Lease agreement template a lease agreement is a legal contract between a landlord and tenant for the use of commercial or residential property in exchange for monthly rent. California lease agreements allow a property owner (lessor) and a tenant (lessee) to enter into a binding rental agreement for residential or commercial property.