---
title: "Lease agreement — What It Means | Ondo RE"
canonical: https://www.ondorealestate.com/glossary/lease-agreement/
---

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Renting & management[All terms starting with L](/glossary/#letter-L)

# Lease agreement

Also called: rental agreement, lease

The contract setting the terms of a tenancy: rent, duration, responsibilities, and how it ends.

A lease fixes rent and term and allocates responsibility for utilities, maintenance, and property care. A fixed-term lease runs to a date; a month-to-month renews continuously until proper notice is given.

The provisions that matter most are usually the least dramatic: notice requirements, renewal mechanics, and who handles which repairs.

## Related terms

- [Security depositFunds held during a tenancy to cover unpaid rent or damage beyond normal wear, returned under statutory rules.](/glossary/security-deposit/)
- [Notice to vacateWritten notice that a tenancy will end, with a lead time set by the lease and by statute.](/glossary/notice-to-vacate/)
- [Tenant screeningEvaluating applicants against consistent, lawful criteria: income, rental history, credit, and background.](/glossary/tenant-screening/)
- [Renters insuranceA tenant’s policy covering personal belongings and liability, which a landlord’s policy does not cover.](/glossary/renters-insurance/)

## Go deeper

- [Utah landlord-tenant law guide](/blog/utah-landlord-tenant-law-guide/)

## More in Renting & management

- [Eviction](/glossary/eviction/)
- [Fair housing](/glossary/fair-housing/)
- [HOA (Homeowners Association)](/glossary/hoa/)
- [Maintenance reserve](/glossary/maintenance-reserve/)
- [Move-out inspection](/glossary/move-out-inspection/)
- [Normal wear and tear](/glossary/normal-wear-and-tear/)

## Have a question about your own situation?

Ondo handles brokerage, lending, property management and notary under one roof, so the answer does not change depending on who you ask.

[Talk to Ondo](/contact/)[Browse all terms](/glossary/)