A Rental Agreement is a contract between a landlord and a tenant that outlines the terms of renting a property. It is also known as a lease or a tenancy agreement. It usually covers the length of the rental period, the amount of rent due, the security deposit, the rights and responsibilities of both parties, and any other conditions that may apply. There are different types of rental agreements, including fixed-term, periodic, and month-to-month agreements. A Fixed-Term Agreement is an agreement that covers a specific period of time, typically for a year or longer. A Periodic Agreement is one that renews automatically every month or week, until either party gives notice to terminate the agreement. A Month-to-Month Agreement is one that renews on a monthly basis and can be terminated with 30 days notice.