The process by which a party called the lessee uses the asset of another party called the lessor for a pre-decided the period of time in return for a regular payment is called leasing. This is a legal agreement that binds the two parties by law. Any breach of contract by any one party can be contested in the court of law.
The lease agreement is a legal contract between the lessee and the lessor that requires signatures of both the parties.
The lease agreement form is mostly a standard document that contains the following information and data:
In many cases, the termination of the lease period may end the lease of the asset. In other situations, there may be a release clause or buyout condition whereby the lessee will get the ownership of the asset after the lease completion date. This lease agreement form acts as a proof or evidence that the lease has been executed between the two parties.
Lease Agreement Form
Microsoft Word document file | File size 80 KB | Download
The file can be download in OpenOffice format (.odt)
File size 17 Kb | Download