A lease agreement land is an arrangement between a tenant and a landlord that allows the tenant use of the landlord’s property for a specified period of time. Generally, the tenant pays monthly rent during this period. In return, the landlord agrees to maintain the property and allow the tenant exclusive use of it. The tenant also assumes certain contractual responsibilities, such as paying all taxes associated with the property and abiding by the terms of the lease agreement. Lease agreements are legally binding documents that spell out each party’s rights and obligations. It is important to review them carefully before signing.