A California lease agreement allows a landlord of residential or commercial property to write a legally binding rental contract with a tenant. TERM: This Lease shall commence on the ___ day of., 20__, and shall remain in full effect until its end at PM on the ______ day of ______, 20__, . 3. A California lease agreement outlines the arrangement between a landlord and a tenant regarding the occupation of a property for a specified time period. California Standard Residential Lease Agreement Template. Parties and Dwelling Unit: The parties to this Agreement are referred to as the Landlord, and. A California standard residential lease agreement is a fixed-term contract between a landlord and a tenant regarding a rental property. A lease agreement is the binding contract you sign once you're approved. Owner does not waive the right to insist on payment of rent in full on the day it is due. There are certain specifications that govern what should be included in a California rental agreement to make it enforceable.