Which of the following best describes the purpose of a lease agreement?

The primary purpose of a lease agreement is to outline the terms of property use and rental. This comprehensive document serves to establish a clear understanding between the landlord and tenant regarding expectations, rights, and responsibilities associated with the leased property. Key elements typically included in a lease agreement are the duration of the lease, rental price, payment terms, security deposit requirements, maintenance obligations, and any restrictions on the use of the property.

By explicitly detailing these aspects, a lease agreement helps to prevent potential disputes by providing a mutually agreed-upon framework for both parties. This clarity ensures that the tenant knows what is expected in terms of property care and payment, while the landlord can set forth the rules governing the tenancy.

The other choices, while related to leasing, do not encapsulate the main purpose of a lease agreement. Ensuring tenant decor standards and mandating landlord responsibilities are parts of what may be included in a lease, but they don’t represent the overarching goal. Similarly, negotiating future rental prices is a specific aspect of rental agreements that may be addressed separately and is not the primary focus of lease agreements as a whole.