A Lease Agreement Letter is a legal document between two parties – the Lessor (the landlord or property owner) and the Lessee (the tenant or leaseholder). The letter outlines the terms of the agreement, including the amount of rent to be paid, any additional items or services included in the rental price, who is responsible for utilities and repairs, occupancy limits and other important aspects of the tenancy. It is essential that both parties have a clear understanding of their respective rights and responsibilities; without a written agreement, it can be difficult to enforce any obligations or protect either party in the event of a dispute. Taking a few moments to properly document your lease agreement can go a long way toward avoiding costly misunderstandings in the future.