A Lease Proposal is the formal document that outlines the key terms and conditions of a proposed lease agreement between a landlord and a tenant. This proposal sets out the tenant’s rights and obligations, as well as the terms of rent, security deposit, length of lease, and other relevant information. It also outlines the landlord’s expectations, such as maintenance and repair obligations, late rent fees, and more. With a Lease Proposal in place, both parties can be sure to remain protected throughout the duration of the lease agreement.