Property rental refers to the process of leasing a residential or commercial space to tenants in exchange for regular payments, typically on a monthly basis. This arrangement allows individuals or businesses to use a property without the long-term commitment of purchasing it. Landlords, who own the property, set the rental price based on factors like location, size, and amenities. Tenants sign a rental agreement or lease, which outlines the terms of the rental, including duration, payment schedule, and responsibilities for maintenance. Both parties must adhere to local laws and regulations regarding property rental, ensuring a fair and legal transaction.