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What is the difference between Lease Agreement and Rent Agreement?
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A Lease Agreement is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset (property, premises). Broadly put, a lease Agreement is a contract between two parties. Rent Agreement is the tenant's (lessee's) regular payment to a landlord (lessor) for the use of that property, House, Flat or Land.