Which of the following is commonly included in a lease agreement?

A lease agreement is primarily a document that outlines the terms and conditions under which one party can occupy and use another party's property. One of the key components of any lease agreement is the rental payment amount and its due date. This section clearly defines how much the tenant is required to pay for the use of the property and specifies when those payments are expected, ensuring both parties understand their financial obligations and scheduling.

Including the rental payment terms in the lease provides clarity and helps avoid disputes related to payment timing and amounts. It also establishes the legal enforceability of rental payments, supporting the landlord's right to collect rent and the tenant's obligation to pay on time.

While property tax amounts, terms related to property insurance coverage, and certificates of occupancy may be relevant to the leasing process, they are typically not standard inclusions within the lease agreement itself. For example, property taxes are usually the responsibility of the landlord, and insurance details may be addressed in a separate agreement or discussion rather than the lease document itself. Hence, specifying the rental payment and due dates is fundamental and is a common practice in lease agreements.