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A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased.
Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use.
The term rental agreement can refer to two kinds of leases. First is a lease in which the asset is tangible property. Here, the user rents the asset (e.g. land or goods) let out or rented out by the owner. (The verb to lease is less precise because it can refer to either of these actions.) Examples of a lease for intangible property include use of a computer program (similar to a license, but with different provisions), or use of a radio frequency (such as a contract with a cell-phone provider).
Rental agreement can also refer to a periodic lease agreement (most often a month-to-month lease) internationally and in some regions of the United States.

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  1. chris2222

    QLD landlord can't increase rent caused end of my lease

    Hi, Recently, I got a Notice to Leave with a Notice issued for the End of a fixed-term agreement. I called the agent and offered them even more money, but they told me that I am the current tenant and therefore they can't ask me for money, because they already asked me five months ago. They were...
  2. A

    QLD deleted

  3. Adam Gittoes

    NSW What are my options for forcing a roommate to move out - they are not on the lease

    I have a roommate that moved in a short time ago. They refused to sign the papers to be added to the lease, and have become difficult to live with (not doing chores or cleaning up after themselves etc.). They have also refused to moved out at my request. Since they are not on the lease, do I...
  4. R

    NSW Sued Real Estate - Residential Lease

    Hi everyone, A real estate agent has arranged for me to rent a granny flat. The real estate lied to me, and they even lied on the lease contract. The house in front of me is falling down, it is not liveable (no one told me that), and I do not have access to it (for example, a hot water boiler)...
  5. H

    VIC Commercial Lease Question

    I'm a tenant in a commercial property and one of the outgoings is for a commercial bin, which we need, agreed to, and pay for - problem is no bin has been provided. The agent just ignores us or makes excuses ("it will arrive next week" - never arrives, "just get your own bin in the meantime" -...
  6. R

    Lease required before legally binding?

    Hi, I applied for a house and the real estate agent said the landlord offered it and I replied accepting. The real estate agent then opened the property for another inspection and signed the lease with another applicant They state our previous correspondence doesn't matter as nothing was...
  7. T

    VIC Commercial Lease rent increase

    Hi there, my commercial monthy rent is due today and I was only given notice yesterday that my rent has increased by CPI and payable today. Is there meant to be some sort of notice period to increase the rent? I would have thought at least 30 days but i cant find any information anywhere. The...
  8. D

    QLD Lease exit

    We have a tenant who is trying to exit out of a commercial lease because of a leaking roof. Due to the extreme abundance of rain we have had this year there have been what started out as minor leaks here and there which have always been attended to by a roofing plumber each time who has tried...
  9. C

    Paying out lease car contract-during probate

    Hi This is in QLD. Probate is still 3 weeks away from being granted on an estate. Estate includes a leased car, the contract expired 7 July. There is a residual due. Lawyers handling estate unsure of if we can sell it prior to probate being finalised. They still have not advised final payout...
  10. B

    NSW how to evict someone who has no lease

    how to evict someone (tennant) who has no lease