A Lease Agreement For Property is a legally binding contract between a landlord and tenant that outlines the terms and conditions of a rental agreement. It contains information such as the length of the lease, monthly rent amount, security deposit, payment due date, late fees, pet policy, and more. By signing a Lease Agreement For Property, both parties agree to abide by its terms and conditions so it’s important to understand exactly what you’re signing. This type of contract allows for an individual or company to gain access to a property owned by someone else without having to purchase it outright. It also gives the tenant rights and protection regarding their living situation that can otherwise be difficult to secure.