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The agreement that is made when a property is rented to a tenant by the owner for a period of time is called a lease agreement. This agreement is very important to safeguard the interest of both the parties involved as written work can only be enforce in the court of law and verbal consent do not hold any value there. The consent gives the right to the tenant to use the property in the way mentioned in it. If it is a commercial agreement, the property will be used by the tenants for commercial use like store house, shops, office premises etc. If it is a non commercial agreement, the property will be used for accommodation like a house. All this depends on the consent and need of both the parties.

free lease agreement is another type of agreement that is useful when the lease is about to end and the tenant wants to buy the property from the owner then this agreement is made with the understanding of both the parties.

The agreement becomes viable when one of the parties performs an act that is not mentioned in the lease agreement. It is is the only way to challenge the performed act in the court. Another thing that is very important is that it must be dynamic; this means that the consent should have the provision to be changed as per the circumstances prevailing at any point of time. There are few aspects related to the lease agreements. One must be very particular about the nitty-gritty aspects while you finalize the lease document.