What is typically included in a lease agreement?

A lease agreement is a legal document that outlines the terms and conditions under which one party rents property from another. This typically includes critical elements such as the duration of the lease, the rental amount, payment due dates, and the responsibilities of both the lessor (the property owner) and the lessee (the tenant).

Including these details is essential for protecting the rights and obligations of both parties involved in the rental agreement. A well-structured lease serves to prevent disputes by clearly defining what is expected from each party, thus establishing a formal understanding of the rental relationship.

The other options mentioned do not accurately reflect what is typically included in a lease agreement. For instance, the previous history of property ownership (first option) and forecasted market value (third option) are not standard components of a lease, as they pertain more to property appraisal and ownership rather than the arrangements between a landlord and a tenant. Additionally, an agreement centered solely on the rights of the landowner (fourth option) would be unbalanced, as lease agreements are designed to address the rights and responsibilities of both the landlord and the tenant.