A lease agreement primarily sets the terms of what type of tenancy?

A lease agreement primarily sets the terms of a fixed-term tenancy because it establishes a specific duration for the rental period, during which both the landlord and tenant agree to the terms outlined in the lease. This type of tenancy has a definite beginning and end date, allowing both parties to understand their rights and obligations clearly throughout the lease term.

In a fixed-term tenancy, the tenant typically has the right to occupy the property for the agreed-upon period, and the landlord is bound to allow them to do so as long as the tenant adheres to the lease terms. The fixed duration provides stability for both parties and often offers predictability around rent payment and property usage.

While periodic tenancies and month-to-month tenancies can have their own agreements, these types generally do not have the same kind of fixed duration defined as explicitly in a lease agreement. Non-tenancy, in contrast, does not pertain to a rental arrangement at all, so it does not apply in the context of lease agreements.