A lease is a legal agreement between a landlord and a tenant that allows the tenant to use a property, like an apartment or a car, for a specific period of time. In exchange, the tenant pays a set amount of money, usually monthly. This agreement outlines the rights and responsibilities of both parties, ensuring that the tenant can enjoy the property while the landlord receives regular payments. Leases can vary in length, from a few months to several years, and may include terms about maintenance, repairs, and what happens if either party wants to end the agreement early. Understanding the lease is important for both the landlord and tenant to avoid misunderstandings and ensure a smooth rental experience.