What does a tenancy agreement outline?

A tenancy agreement is a legal document that serves to outline the rights and responsibilities of both the landlord and tenant involved in a rental arrangement. This agreement typically specifies important details such as the duration of the lease, the amount of rent to be paid, the conditions under which the landlord can enter the property, the obligations of maintenance and repairs, and other key terms that govern the tenant's occupation of the property. By clearly delineating these aspects, the tenancy agreement helps to protect both parties by ensuring mutual understanding and compliance with the terms laid out in the document.

In contrast, the other options focus on different topics that do not pertain to the core purpose of a tenancy agreement. Payment methods for property management services relate to transactions and management rather than the rental terms between a landlord and tenant. An environmental impact assessment addresses the ecological effects of property use, which is not relevant to the landlord-tenant relationship. The history of property ownership may provide context regarding the property's background, but it does not define the current rental terms that govern the relationship between the landlord and tenant.