Lease agreements are official, legally binding forms that outline the terms of a rental lease. Forms for residential leases require all persons living in the residence to be named in the lease. Commercial lease forms may name the business or LLC who is leasing the property. Lease agreements specify the length of the lease, the amount of rent paid, any money required for a security deposit, as well as other terms, conditions, and responsibilities. The forms are signed by the property owner or landlord, also referred to as the ﾓlessor,ﾔ as well as the tenant or tenants, also called the ﾓlessee.ﾔ Lease agreements vary depending on the specific rental unit, and therefore the forms used also vary. Generic blank forms may be used as a basis to create more specific lease agreements. Tenants should keep copies of all forms and lease agreements signed in the event of a eviction or a dispute with the landlord.