A lease is the relationship by which one person is in lawful possession of real property owned by another.

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A lease is a legal agreement between a landlord (the owner of the property) and a tenant (the person who is renting the property) that gives the tenant the right to occupy and use the property in exchange for rent payment. The tenant has lawful possession of the property, but the ownership remains with the landlord.

A Lease Is the Relationship by Which One Person Is