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Renters Agreement Template Free SampleTemplatess SampleTemplatess - A lease agreement is a legal contract between a landlord and tenant for the use of commercial or residential property in exchange for monthly rent. It creates a clear, legally binding contract that outlines your and the tenant's rights and. A lease agreement does more than set rent. A standard residential lease agreement is typically a one (1) year term,. You should also read this: Template For Outline