A lease contract is a legal document which is used when an individual or an organization takes the property owned by another individual or organization on lease. The parties entering into the contract are called lessee and lessor and the property can be an office, a shop, an apartment or a house etc. The contract states the amount that the lessee needs to pay to the lessor and other terms and conditions that both the parties have to agree to.
Sample Lease Contract
Lease contract number: LE 34
Effective date of contract: 10th of November 2011
This Contract of Lease has been drafted and entered into between John Smith hereinafter referred to as the “lessor” with postal address at 16 High End Street, New York, New Jersey and Harry Lynn hereinafter referred to as the “lessee” with postal address at 34 Low End Street, New York, New Jersey.
As per the contract the lessee desires to lease the property owned by the lessor at the below mentioned address:
54 Grant Road,
New York, New Jersey.
Both the parties need to agree to the following terms and conditions:
- The lease period will begin from 10th of November 2011 and end on 10th of November 2013. The contract can be renewed after the lease expiry but renewal is at the discretion of both the parties.
- The monthly rent to be paid by the lessee is $2000.
- The lessee has to pay a security deposit of $20000 in advance.
Find the signature of both the parties mentioned below.
Signature of lessor: Signature of lessee:
John Smith Harry Lynn