A lease contract is a legal agreement between a landlord and a tenant that outlines the terms for renting a property, such as an apartment or commercial space. This document specifies important details, including the duration of the lease, monthly rent amount, and responsibilities for maintenance and repairs. Both parties must adhere to the terms of the lease, which protects the rights of the landlord and tenant. If either party fails to comply, it may lead to disputes or legal action. Lease contracts can vary in length, typically ranging from a few months to several years.