Which document typically outlines the rights and responsibilities of a tenant and landlord?

The rental agreement is the standard document that outlines the rights and responsibilities of both tenants and landlords. This legally binding contract specifies important aspects such as the duration of the tenancy, the amount of rent due, the security deposit requirements, maintenance responsibilities, and conditions for terminating the tenancy. By clearly defining these elements, a rental agreement helps to prevent misunderstandings and disputes between the parties involved.

In contrast, a memorandum of agreement could be used for various informal agreements and does not specifically address the nuances of a landlord-tenant relationship. A title deed primarily serves as evidence of property ownership rather than detailing specific rental terms. Meanwhile, a lease option refers to a type of agreement that gives a tenant the right to purchase the property after a certain period, which is more complex and not the primary document for outlining routine landlord-tenant responsibilities. Thus, the rental agreement is the most suitable document for establishing the framework of the landlord-tenant relationship.