Which document outlines the terms and conditions of a tenancy?

The document that outlines the terms and conditions of a tenancy is a lease agreement. This legally binding contract details the rights and responsibilities of both the landlord and tenant. It typically includes important aspects such as the duration of the tenancy, the rent amount, payment terms, rules regarding the use of the property, maintenance obligations, and any other specific conditions that must be adhered to during the tenancy period.

A sales contract is used in the context of purchasing property rather than renting it, making it irrelevant to tenancy agreements. A property valuation report assesses the value of the property but does not govern the terms of a rental relationship. Lastly, a maintenance agreement pertains to the upkeep of the property but does not address the broader terms of the tenancy itself. Thus, the lease agreement is the primary document that clearly defines the legal framework for a rental arrangement.