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"WHEREAS the party of the first part (hereinafter referred to as 'Lessor') being the absolute owner and in lawful possession of the premises situated at... hereby agrees to lease, demise and let unto the party of the second part (hereinafter referred to as 'Lessee') the said premises for a term of..."
This is a rental agreement where the property owner agrees to rent their property to a tenant. The key points are the rental period, monthly rent amount, and basic responsibilities of both parties.