Lease agreement explained

A lease agreement is a legal contract that defines the terms under which property is rented.

It outlines the rental property, lease duration, payment terms, responsibilities of both landlord and tenant, termination rules, and any additional obligations. A clear lease protects both parties and helps prevent disputes.

business partners discussing lease agreement terms and reviewing contract documents at office table

Why use a template

Using a template simplifies the process, ensures no key legal points are missed, and saves time.

Well-structured templates reduce errors and provide consistency across residential and commercial leases, whether for apartments, offices, or warehouses.

Key sections in a lease

Every lease agreement includes:

  • landlord and tenant information
  • property description (address, size, features)
  • lease start and end dates
  • rent amount, payment schedule, and security deposits
  • responsibility for maintenance, repairs, and utilities
  • termination terms and exit procedures

hands of professionals negotiating lease contract details with printed agreements on glass desk

Common mistakes

Typical issues include:

  • unclear lease periods
  • undefined maintenance or extra costs
  • weak termination clauses
  • missing dispute resolution terms

These gaps may lead to financial losses or legal conflicts if not addressed properly.

Electronic signing

Modern platforms allow full digital processing of lease agreements. With DocuChain, businesses can:

  • securely sign agreements with electronic signatures
  • store contracts in encrypted archives
  • access documents easily during audits or legal reviews

This digital process streamlines leasing while reducing document loss risks.

successful lease agreement signing with handshake between two business professionals in modern office

Conclusion

A lease agreement is essential for safe rental transactions. Reliable templates combined with electronic signing simplify lease management, lower legal risks, and protect both parties.

Use DocuChain to securely sign and store lease agreements — get started now.

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