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Real Estate Lease Agreement (Commercial & Residential)

Real Estate · NAICS 531 · Lease Agreement

A real estate lease agreement is the foundational contract between a property owner (landlord) and a tenant, governing the use of residential or commercial space. In the real estate industry (NAICS 531), leases are not just paperwork – they define cash flow, maintenance responsibilities, legal liabilities, and tenant relationships. A well-drafted lease protects your property, clarifies expectations, and reduces disputes. This tool generates a tailored lease draft that reflects your specific property type, rent terms, and operational needs, with industry-standard clauses for deposits, maintenance, and default.

When you need this document

Renting out a single-family home or apartment to a residential tenant
Leasing office, retail, or industrial space to a business tenant
Renewing or extending an existing lease with updated terms
Managing a property on behalf of an owner (property manager as landlord agent)
Establishing clear rules for mixed-use properties with both residential and commercial units

What the generated draft includes

Parties and property description with legal address
Lease term, commencement, and renewal options
Rent payment terms, late fees, and acceptable payment methods
Security deposit amount, handling, and return conditions
Utilities and services responsibility allocation
Maintenance and repair obligations (landlord vs. tenant)
Default, notice, and eviction procedures
Additional clauses for commercial use, insurance, or alterations

Frequently asked questions

Is this lease agreement legally binding?

Yes, when signed by both parties, it becomes a legally binding contract. However, it is a template and not a substitute for legal advice. Local laws may require specific disclosures or clauses, so consult an attorney for high-stakes or complex leases.

Can I use this for both residential and commercial properties?

The tool tailors the draft based on the property type you select. Residential and commercial leases have different legal requirements and industry practices, so it is important to choose the correct type to get appropriate clauses.

What if my state has specific lease requirements?

This draft includes general provisions and notes where state law may apply. It is your responsibility to ensure compliance with your local jurisdiction. We recommend reviewing the draft with a local real estate attorney or property management professional.

Self-help document generator: you get a structured draft based on the facts you provide. It is not legal, tax, or financial advice; verify jurisdiction-specific rules before sending.