250 East Wood Street Troy, Missouri 63379 Phone: 636.462.2170 Fax: 636.528.2904

Located near historic
Main Street in Troy, Missouri

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Leases

A lease is a written agreement in which the owner of property allows use of the property for a specified period of time (term) for specific periodic payments (rent), and other terms and conditions. Leases of real property describe the premises (often by address); penalties for late payments, termination upon default of payment or breach of any significant conditions; increases in rent based on cost of living or some other standard; inclusion or exclusion of property taxes and insurance in rent; limitations on use (for a butcher shop, a residence for the family only, no pets); charges for staying on beyond the term (holding over); any right to renew the lease for another period; and/or a requirement for payment of attorneys’ fees and costs in case of the need to enforce the lease (including eviction).