A document, made between the owner of a piece of property (known as the Lessor) and someone (known as the Lessee) who pays the owner to possess and use property, is called a Personal Property Lease Agreement.
A document, made between the owner of a piece of property (known as the Lessor) and someone (known as the Lessee) who pays the owner to possess and use property, is called a Personal Property Lease Agreement. Usually, the leases cover the rental of homes, other spaces, or vehicle. However, it is allowed to rent additional items too. This can be furniture, jewelry, clothing, or else.
You fill out a form. The document is created before your eyes as you respond to the questions.
At the end, you receive it in Word and PDF formats. You can modify it and reuse it.
In the document, it is allowed to enter the information of pertinent identifying details, as well as the most crucial characteristics of the agreement between the Parties (such a description of the leased property, restrictions, deposit information). The agreement also outlines the payment schedule and amount the Lessee will be required to pay to adhere to the agreement, as well as any possible late fees if payments are not made on schedule.
A completed document should be printed and signed by both parties. We recommend keeping copies in case any future disputes arise.
In the US, both federal and specific state laws govern Personal Property Lease Agreements.