A lease agreement is a legally binding document that establishes the terms and conditions of a rental arrangement between a property owner, known as the lessor, and a tenant, referred to as the lessee. This agreement outlines various aspects of the rental arrangement, including the monthly rent, security deposit, lease duration, and any other relevant provisions that govern the use of the property. The primary purpose of the lease agreement is to serve as a written contract that protects the interests of both parties and helps to prevent any misunderstandings or disputes that may arise during the rental period. As such, it is a critical document that all involved parties should thoroughly review and understand before signing.
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