Residential leasing refers to the process of renting a home or apartment to individuals or families. In this arrangement, a landlord provides a property for tenants to live in, typically under a written agreement known as a lease. This lease outlines the terms of the rental, including the duration, monthly rent, and responsibilities of both parties. Tenants are usually required to pay a security deposit, which protects the landlord against potential damages. The lease may also specify rules regarding maintenance, pets, and other aspects of living in the property. Understanding these terms is essential for both landlords and tenants to ensure a smooth rental experience.