A lease is a legal agreement between a landlord and a tenant that allows the tenant to use a property, like an apartment or a car, for a specific period of time. In exchange, the tenant pays a set amount of money, usually monthly. Leases outline the rights and responsibilities of both parties, ensuring that everyone understands what is expected during the rental period. Leases can vary in length, from a few months to several years, and may include terms about maintenance, repairs, and rules for using the property. Understanding the lease is important for both the landlord and tenant to avoid misunderstandings and ensure a smooth rental experience.