What type of contract is used to establish the terms of a rental agreement for an apartment?

A lease agreement is specifically designed to outline the terms and conditions under which one party (the tenant) agrees to rent property owned by another party (the landlord). This type of contract covers essential elements such as the duration of the tenancy, rental payment details, responsibilities of both the landlord and tenant, rules regarding property use, and procedures for termination of the agreement.

In the context of renting apartments, a lease agreement typically lasts for a set term, like one year, which provides stability for both the tenant and the landlord. It is a legally binding document that protects the rights of both parties involved in the arrangement.

The other types of contracts listed do not apply specifically to rental arrangements for apartments. A rental agreement might also be used informally, but a lease agreement is the formalized and comprehensive document typically used in longer-term rental situations. Service agreements relate to the provision of services rather than rental terms, while a contract for sale refers to the purchase of property rather than the lease of it. Thus, the lease agreement is the appropriate and correct instrument for establishing rental terms for apartments.