Tenancy

Tenancy refers to the legal arrangement in which a person, known as the tenant, rents or leases property from another party, known as the landlord. This agreement allows the tenant to use the property, typically a home or office, for a specified period in exchange for rent. The tenancy agreement outlines the rights and responsibilities of both parties, including rent payment, maintenance duties, and the duration of the lease. It provides a framework for the relationship between landlords and tenants, ensuring legal protections and clarity in the rental process.