When owner of an immovable property decides to confer upon another person the right to occupy and use that property, it becomes imperative to formalize the arrangement in form a Lease Deed/ Agreement. A Lease Agreement is a document which outlines the terms and conditions governing the lease arrangement between the parties. Under this agreement, the owner of property gives a right to tenant to use the property for a certain period of time in return of monthly rent. A Lease Agreement should be carefully drafted so as to make sure that all terms as agreed between the parties are clearly recorded. There are certain essential clauses mentioned below which should form part of every lease agreement- Parties to lease- There are two parties to a lease agreement- Lessor (one who gives the property on rent) and Lessee (one who takes the property on rent). Duration - The Lease Agreement should mention the duration of lease with commencement and termination date clearl