The biggest difference between leases and leases is the duration of the contract. However, leases typically have a standard number of items. Here are some of the typical provisions established by NOLO.com: there is usually a lease or a tacit, explicit or written contract to define the rental conditions that are governed and managed by contract law. Examples include renting real estate (real estate) for ownership purposes (where the tenant rents a dwelling to live), parking for a vehicle, storage room, entire real estate or parts for commercial, agricultural, institutional or governmental purposes or other reasons. A lessor is not required to renew the terms of the old lease and is free to change the terms and amounts of the lease upon request.