A Residential Lease is a legal agreement between a landlord and a tenant that outlines the terms for renting a property. This document specifies important details such as the duration of the lease, the amount of rent, and the responsibilities of both parties. It serves to protect the rights of both the landlord and the tenant during the rental period. Typically, a residential lease includes clauses about maintenance, security deposits, and rules regarding pets or alterations to the property. Understanding the terms of the lease is crucial for both the landlord and the tenant to ensure a smooth rental experience.