What is lease agreement?

[whitecreg]

Hello I want to invest some money in real estate. My agent has told me about lease agreement so may I know what is the actual term it is?

[rbinck]

Originally Posted by whitecreg

Hello I want to invest some money in real estate. My agent has told me about lease agreement so may I know what is the actual term it is?

Welcome to the forum.

I'd be surprised if you will find much info about real estate on this forum. Now if you have an audio/video question, this is the place.

[picochan]

I think the only way you could make any money off of real estate and lease agreements if if you're leasing out your own property.

[apollowatson]

When owners and individuals who purchase property at the end of the lease option, involving an ordinary lease agreement, the agreement is known as lease purchase agreement. This system is often used for the purchase of property some time ago, but forgotten or ignored in the real estate boom.

[greamelexon]

A lease agreement is also called as Rental agreement. A lease agreement is a lease in which the asset is tangible property. The lease will either provide specific provisions regarding the responsibilities and rights of the lessee and lessor, or there will be automatic provisions as a result of local law.