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What Is A Lease Agreement?
A lease agreement is a legally binding agreement between a lessor and a lessee. It explains the obligations each party holds. Lease agreements should be signed and dated by both parties. 2 Lease agreements are state specific. This means that you must make sure that the lease agreement complies with the laws in your state. The most common use for a lease agreement is residential and commercial facilities owned by one person and being leased to another.
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