A lease agreement template is a legal document which is signed by the lessor and lessee when some property is to be leased. This property may be a commercial property or a residential one. This document words out the rights and duties of both the landlord and the tenant towards the lease agreement. Key content on a lease agreement will include names, address and phone numbers of both parties, description of property to be leased, terms of use of property, time limit of the agreement, lease payment and information about modes of payment, penalties to both the parties in case…