Use a lease to allow the tenant to acquire the property at the end of the contract. This type of lease helps a tenant who cannot buy real estate immediately and allows the seller to get a constant income. If you`re in a hurry to get a lease or want to get an idea of what an extension of the lease would be, you don`t need to look any further. You can receive this PDF template for the lease renewal agreement immediately. Just copy the template to your JotForm account and have it in just a few seconds! A lease (or lease) is a document explaining the conditions under which a tenant rents a residential or commercial property from a lessor. .