What legal framework affects a property lease?

The legal framework that affects a property lease is primarily established through the agreement made between the lessor and lessee. This agreement outlines the rights and responsibilities of both parties regarding the use of the property, payment terms, duration of the lease, maintenance obligations, and various other conditions that define the landlord-tenant relationship. The lease contract serves as the binding legal document that governs the terms of the rental arrangement.

While zoning policies, market rates, and property tax rates can all impact how properties are rented or how much tenants might be willing to pay, they do not directly define the legal obligations and rights as set forth in a lease agreement. The lease itself is what legally binds the lessor and lessee, ensuring both parties adhere to the agreed-upon terms.