Lease Contract Template is for you help in leasing process agreement. A lease contract is the execution by which one party conveys a property to another party, for a particular period, in exchange of a valuable benefit, and retains the ownership at the expiry of the contract. Common lease agreement are entered into for leasing real estate property like residential buildings, warehouses, manufacturing facilities or machinery and equipment like farming equipment, automobiles, electrical appliances etc. generally a lease agreement can be oral or written. But laws of different states require that a lease agreement should be in writing if the value exceeds a certain limit or the period of lease is beyond a particular time frame. A lease is when a property owner (the offeror) offers his property to another (the offeree) and the offered accepts the offer. You can get free Lease Contract Template from this site.
The offer will authorize the offeree to possess and use the property owned by the offeror for a certain period of time without gaining ownership. The property has to be returned to its owner on expiry of the lease contract. The property owner of a lease contract is called the lessor and the user of the property is called lessee. The lessee has to pay consideration to the lessor for use of his property which can be definite amounts of money or any other valuable benefit mutually agreed upon. If a lessee defaults in meeting any of his obligations the lessor can sue him for damages arising from such breach of contract.
Download a sample lease contract agreement from here. It could be used as template format.
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