A rental agreement is a crucial document that outlines the terms and conditions between a landlord and a tenant for the rental of a property. This legally binding contract specifies details such as the rent amount, payment due dates, security deposit, lease duration, and responsibilities of both parties. It serves to protect the rights of both the landlord and the tenant by clearly defining their obligations and expectations. The agreement must be signed by both parties and can be used as evidence in case of any disputes, ensuring a smooth and transparent rental process.