Residential lettings refer to the process of renting out residential properties, such as houses or apartments, to tenants. This arrangement allows landlords to earn rental income while providing individuals or families with a place to live. The terms of the rental agreement, including duration and payment, are typically outlined in a lease contract. In residential lettings, both landlords and tenants have specific rights and responsibilities. Landlords must ensure the property is safe and habitable, while tenants are expected to pay rent on time and maintain the property. This relationship is often managed by letting agents, who facilitate communication and handle administrative tasks.