A contract between landlord and tenant is a legally binding document that outlines the rights and obligations of each party. It establishes the conditions upon which a tenant can occupy a residential property owned by a landlord. This contract should specify the length of the rental agreement, the amount of rent to be paid, details about utilities and other services, information about deposits and late fees, and any other relevant arrangements. By signing this contract, both parties agree to comply with the listed terms and conditions in order to protect their legal rights and responsibilities.