This guide is intended to provide basic information on how sales and use tax laws apply to leases of items (tangible personal property) Learn to craft a California lease agreement covering rent, deposits, and tenant rights for a legally compliant rental experience.California Agreement to Lease Equipment (With Limited Warranty). There are several things that a small business owner or operator should consider before signing a California commercial lease agreement. This guide will walk through the key components to include when putting together a rental lease agreement for a residential property. Lease agreements must include the complete address of the rental property (including building name and unit number).