A lease agreement is a legal contract between a landlord and a tenant that outlines the terms under which a property is rented. 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. Typically, a lease agreement includes clauses about maintenance, security deposits, and rules regarding pets or alterations to the property. By signing the lease, both parties agree to adhere to these terms, ensuring a clear understanding of their obligations during the rental period.