House lease agreement in tamil formatHouse Lease Agreement • June 14th, 2021
Contract Type FiledJune 14th, 2021A lease agreement is an arrangement between two parties – lessor and lessee. It outlines the conditions of the arrangement so that each party understands his rights and obligations under the lease. A lease agreement is an arrangement between two parties – lessor and lessee, by which the lessor allows the lessee the right to use a property owned or managed by the lessor for a specified period of time, in exchange for periodic payment of rentals. The agreement does not provide ownership rights to the lessee. However, the lessor may grant permission to the lessee to modify or change the property to suit his needs. The lessee is responsible for the condition of the property during the lease period. Lease agreements may be used for the lease of properties, vehicles, household appliances, construction equipment, and other items. Contents of a lease agreement Common contents of a lease agreement include: Names of the lessor and lessee or their agents.Description of the property.Amount of rent