A lease contract template is an agreement that is created between the owner of property called the lessor, and a person who uses the asset for a fixed period is called lessee. In return lesser or owner of the property will take rent or lease amount during a specified time period. In which temporary possession is a transfer by the owner of property to the user of property. A lease contract having terms in which include lessee paying a specified and fixed amount as rent to owner after a specific time period. The lease contract comes into existence in written form and the owner uses it as evidence to claim the rent.
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