What does a lease typically define?

A lease typically defines the conditions of a rental agreement, which outlines the rights and responsibilities of both the landlord and tenant. This includes specific details such as the duration of the lease, the amount of rent to be paid, payment due dates, rules regarding the use of the property, and procedures for terminating the lease. By clarifying these conditions, a lease serves to protect both parties and ensure that the rental arrangement is clearly understood.

The other options focus on aspects that are not typically covered by a lease. For instance, the sale terms of a property and ownership rights are not relevant within the scope of a rental agreement; these pertain instead to real estate transactions. The market value of a property is also unrelated to the stipulations of a lease, as it is more concerned with how much the property is worth in the current market rather than the terms of occupancy or rental.