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Elements of a Lease Agreement Contact Details of Parties Involved. The name of the landlord and tenant(s) and the name of the rental property must be stated. Rent Due Date. Actual Rent Amount. Duration of the Lease. Signatures of all Parties. Subletting. Access to the Property. Tenant Responsibilities.
A lessor is essentially someone who grants a lease to someone else. As such, a lessor is the owner of an asset that is leased under an agreement to a lessee. The lessee makes a one-time payment or a series of periodic payments to the lessor in return for the use of the asset.
Does Microsoft Word have a lease agreement template? Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.
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