The term 'PAPER FOR A PAD' can be summarized as a LEASE, which is a five-letter word. A LEASE is a legal agreement between two parties, in which one party agrees to rent property from the other party for a specified period of time. The tenant, or lessee, pays a fee to the landlord, or lessor, in exchange for the right to use the property. The LEASE outlines the terms and conditions of the agreement, such as the length of the LEASE, the amount of rent, and any other rules or regulations that must be followed.