An Apartment Lease is a legally binding agreement between a tenant and a landlord that outlines the terms and conditions for renting an apartment. It is a contract that lays out the rights and responsibilities of both parties, including the cost of rent, duration of the lease, rules for the tenant, and the landlord's responsibilities. There are several types of Apartment Leases, including a fixed-term lease, a month-to-month lease, and a sublease. A fixed-term lease typically lasts for a set period of time, such as six months or a year, and the tenant is expected to pay rent for the entire term. A month-to-month lease is more flexible as the tenant pays rent on a monthly basis and either party can terminate the lease with thirty days' notice. A sublease is when a tenant rents the apartment from another tenant, typically for a shorter period of time than the original tenant's lease.