What document outlines the rights and responsibilities of landlords and tenants?

The lease agreement is the document that clearly outlines the rights and responsibilities of both landlords and tenants. This legally binding contract details essential terms such as the duration of the tenancy, rental amount, payment schedule, security deposit requirements, maintenance responsibilities, and any rules governing the property. It serves as a reference for both parties, ensuring they understand their obligations and providing a framework for resolving any disputes that may arise during the tenancy.

Other options do not serve this purpose. A maintenance request form is used by tenants to report issues needing repair, while a rental application is a preliminary document used to evaluate potential tenants. A property inspection report documents the condition of the property, often at the beginning or end of a lease, but it does not detail the rights and responsibilities of the parties involved.