A Lease Deed is a legal contract between a lessor (owner) and a lessee (tenant) that grants the tenant the right to use and occupy a property for a specific period in exchange for rent.

• Purpose: To legally define the terms and conditions under which a property is leased.
• Duration: Lease terms can range from months to years.
• Key Elements: Rent amount, lease period, rights and responsibilities of both parties, maintenance, renewal, and termination clauses.