Leases
A lease agreement specifies the duration for and under what terms a person or company will rent his or her interest in real estate property to another.
Some of the terms typically contained in a residential lease include the amount of the security deposit due, who will be responsible for utilities and repairs, when and how the rents shall be paid, and under what circumstances the lessor retains the right to inspect the property.
A commercial lease sets forth the rights and obligation of the landlord and tenant. It can be very detailed and lengthy as in the case of the leasing of a shopping center which typically requires extensive bargaining between the parties.