A Residential Lease Agreement is a legally-binding contract between a landlord and tenant that outlines the terms and conditions of a rental property. It is used when renting out a house, apartment, condominium, duplex, townhouse, or mobile home. The lease outlines the rights and responsibilities of both the landlord and tenant, including the length of the lease, rent amount, security deposit, repair and maintenance responsibilities, and more. There are several types of Residential Lease Agreements, including a Standard Lease Agreement, Month-to-Month Lease Agreement, and Sublease Agreement.