A lease agreement format is a document which provides an outline of how a lease agreement is to be constructed. A lease agreement is usually framed to signify understanding and acceptance of the rules and regulations governing any lease transactions. Hence, a lease agreement format must be well written and encompass all the necessary details.
Sample Lease Agreement Format
This lease agreement presupposes that all parties involved in the lease have clearly read and understood the terms contained therein. Any breach will result in legal prosecution. The following are the particulars of the transaction and must be verified:
First Paragraph: The first paragraph of a lease agreement format must consist of the names and addresses of the lessee and lessor. It must include details of the actual transaction, whether the leased item is a property or a copier machine. The dates of the contract must be specified and other information must also be provided like the relevant information about the item and what would constitute as damage at the time of return.
Second Paragraph: The second paragraph must outline the terms and conditions which will govern the lease agreement. These must be clearly stated in a manner which leaves no scope for ambiguity. These terms and conditions must be agreed to by all parties for the lease agreement to have some value.
Third Paragraph: The third paragraph forms the conclusion of the lease agreement. It must incorporate details of the witnesses who validate the lease agreement. The lease agreement must conclude with the signatures of the deponents and attestation by proper authorities.
Signature of lessee: ___________________________________
Signature of lessor: ___________________________________