What does a lease agreement typically outline?

A lease agreement primarily outlines the terms under which a tenant rents property. It serves as a legal contract between the landlord and the tenant, detailing key elements such as the duration of the lease, rental amount, payment due dates, security deposits, maintenance responsibilities, and any rules or restrictions related to the property. This structure provides clarity and protection for both parties, ensuring that their expectations and obligations are clearly defined from the outset of their rental relationship.

The other choices do not accurately reflect the purpose of a lease agreement. While responsibilities of the landlord may indeed be included within the lease, the agreement is not limited to outlining those obligations alone. A lease does not pertain to property sale negotiations, as that is the domain of a purchase agreement rather than a lease. Similarly, the laws governing property taxes are not the focus of a lease agreement but rather addressed in broader legislative frameworks and separate contracts related to ownership and taxation. Therefore, outlining the terms under which a tenant rents a property captures the essence of what a lease agreement entails.