What key aspect does a lease agreement address?

A lease agreement primarily addresses the terms and duration of occupancy between the landlord and tenant. It outlines critical details such as the length of the lease (for example, whether it is for a year, month-to-month, or other specified duration), the rent amount, payment due dates, security deposits, and responsibilities for maintenance and utilities. This clarity benefits both parties by establishing their rights and duties throughout the lease period, ensuring a mutual understanding of the expectations involved in the rental arrangement.

In contrast, legal ownership transfer pertains to the sale of property and is not relevant to a lease, which does not change the ownership but grants temporary use. Investment valuation concerns the worth of a property as an asset, which may inform purchasing decisions, but it is not a function of a lease. Sales commissions, which relate to the fees paid to real estate agents in transactions, are also outside the scope of lease agreements. Thus, the focus of a lease is firmly on the specifics of occupancy rather than ownership or financial transactions related to sales.