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module one leases and tendencies the ownership of property entails several important rights for the property owner most notably these include the right to possess and occupy the property the right to exclude others from the property and the right to gift or sell the property however a property owner may grant some of these rights to another for a period of time when a property owner enters into an agreement with another to transfer the right to occupy and use the property a tenancy has been created landlord-tenant law is the body of laws governing the relationship between the landlord who conveys the property and the tenant who occupies it leases a lease is a contractual agreement between the Landlord and Tenant which grants the tenant the right to possess real estate owned by the landlord for a period of time the lease spells out the terms of the tenancy and the obligations each party undertakes over the course of the rental period during the lease period the landlord seeds the right
