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 serves to protect the rights of both the landlord and the tenant. Typically, a tenancy agreement includes clauses about maintenance, payment methods, and rules regarding pets or guests. It is essential for both parties to read and understand the agreement before signing, as it helps prevent disputes and ensures a clear understanding of expectations during the rental period.