A standard leases agreement is a document that consists of the basic components and structure of a lease agreement. This will include names of parties, the property being rented, duration of lease, amount of rent, and payment of utilities and security deposit. From this standard agreement, landlords can modify the terms to create an agreement that is suitable to themselves and their tenant. The standard lease agreement should be regarded as a guideline rather than an actual agreement, as many leases will need to be changed to fit the landlord and tenant. Although the standard lease includes all the basic components, it may not account for state laws and additional policies that may be needed in the agreement. However, in some cases, the standard lease agreement can actually be functional out of the box, so to speak.