A tenancy agreement is a legal contract between a landlord and a tenant that outlines the terms of 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 helps protect the rights of both the landlord and tenant. There are different types of tenancy agreements, including fixed-term leases and periodic tenancies. A fixed-term lease lasts for a specific period, while a periodic tenancy continues until either party decides to end it. Understanding these agreements is essential for a smooth rental experience.