A rental or lease is a legal agreement in which the lessee (user) agrees to pay the lessor (owner) for the use of an asset. Property, buildings, and cars are examples of leased assets. Equipment for industry or company is also leased. A lease agreement is a contract between two parties, the lessor and the lessee, in broad terms. The lessee acquires the right to use the asset in exchange for regular rental payments from the lessor, who is the legal owner of the asset. The lessee also agrees to follow certain rules when it comes to using the property or equipment.
A Lease Proposal is a document that lays out the intended terms and conditions for leasing the property. The proposal will include information on the rented space as well as the basic leasing terms that the tenant and landlord must adhere to. The document is written as a temporary lease document by the landlord or building owner.
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