Common Contracts

How to write a car lease agreement

July 22nd, 2023

• Filed
  July 22nd, 2023

A lease agreement is a legal document between a landlord and tenant that lays out the terms and conditions of renting property. While rental agreements usually dictate a short-term rental period like a month to month, a lease agreement is generally used for long-term rentals over six months. Lease agreements are standard for both residential rentals and commercial rentals. In both scenarios, there is usually an option to renew a lease after the initial period ends. Leases will vary based on the property and the needs of the landlord and the tenant. Most leases will include basic information like: Property description Duration of the agreement Rental price Repercussions for non-payment Leases are essential when renting a property because they explain the responsibilities and expectations for the landlord and tenant. In some states, lease agreements are mandatory.