What is the primary commodity exchanged by the lessee in a lease agreement?

The primary commodity exchanged by the lessee in a lease agreement is rent. In a typical lease scenario, the lessee (the tenant) agrees to pay rent to the lessor (the property owner) in exchange for the right to occupy and use a property for a specified period. This financial transaction forms the core of the lease agreement and establishes the legal relationship between both parties.

Rent serves as compensation for the use of the property and is usually a consistent, agreed-upon amount due at regular intervals, typically monthly. While utilities, maintenance services, and property renovations may be related to the lease arrangement, they are not the principal exchange involved in a lease. Instead, these can be additional responsibilities or benefits that are negotiated or defined in the lease terms, but they do not constitute the fundamental exchange that characterizes the lease agreement itself.