Residential rentals refer to properties that are leased to individuals or families for living purposes. These can include apartments, houses, or condominiums, and are typically rented on a monthly basis. Tenants pay rent to the property owner or landlord, who is responsible for maintaining the property and ensuring it meets safety standards. In many cases, residential rentals require a lease agreement, which outlines the terms of the rental, including the duration, rent amount, and rules for both parties. This arrangement provides flexibility for tenants who may not want to commit to buying a home, while landlords can generate income from their properties.