Residential Property Rental Agreement

Lessor/Lessee law varies by state, but typically covers the rights and obligations resulting from the Lessor/Lessee relationship, including the lease or rental agreement itself, termination, abandonment, eviction, renewal, rent, security deposit and improvements and repairs to the property. A Lessor is a person who contracts through a lease or rental agreement to fully or partially rent his or her real property to another for a specific time period and for a set payment of rent. The person who rents such property from a Lessor is referred as a Lessee.