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Other names for the document:

Residential lease agreement form
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When you rent an apartment or house, you will almost always sign a lease agreement. The standard lease agreement is a legally binding contract between tenant and landlord, which includes specific responsibilities for the parties involved. Subtenants may or may not be included in the agreement.
Since a lease is a binding contract between landlord and tenant, if a tenant breaks the contract, he or she could face serious legal consequences. These include: Landlord could sue tenant for rent owed. Landlord could sue tenant for breach of contract and damages.
Legally, a lease is just one way to rent an accommodation. A rent agreement can either be a lease or a licence and will be treated accordingly, based on the terms and conditions and renting period mentioned in the agreement.
A lease can be written or verbal, but a verbal lease can be very difficult to enforce. If you decide to write your own lease make sure you include a clause that states if any condition is not legal, that the rest of the lease is still in effect.