A residential lease is a type of lease that is used to grant renters with temporary use of property. In particular, property in a residential lease consists of residential property, which includes any type of real estate that will be used by tenants as a place of living. The residential lease is governed by an agreement, called a residential lease agreement, that defines and seals the terms of the lease, including rent payment, duration of the lease, and conditions of how the property can be used. In a residential lease, the importance of having a legally sound agreement is even greater. Although state tenant's rights protect safety and privacy, it is important to know that your lease itself upholds a positive tenancy at your place of living. Even if a lawyer is not at hand to look over your lease, a residential lease free form can be used as a guideline to ensure it is created properly.