A lease or lease is a legal document describing an agreement between a property owner known as a “lessor” or “lessor”, and another person who is willing to pay the rent while living in the property, known as a “tenant” or “tenant”. Termination – In most standard lease agreements, there is no way for the tenant to terminate the lease. In case there is an option, it usually comes with a fee or fee for the tenant. The lease does not need to be attested (although it is always recommended to have at least one). .