What is one of the main benefits of having a lease agreement?

A lease agreement serves primarily to clarify the terms and conditions of the rental relationship between the landlord and the tenant. This written document outlines key details such as the rental amount, the duration of the lease, the responsibilities of both parties, and any specific rules that apply to the property. By detailing these elements, a lease agreement helps to prevent misunderstandings and disputes, providing a clear framework that both the landlord and tenant can refer to throughout the duration of the lease. This clarity is crucial in ensuring a smooth relationship, as it establishes expectations for behavior and obligations.

In contrast, the other choices suggest benefits that are not typically associated with a lease agreement. Immediate property ownership is a function of purchasing, not leasing. While a lease may have terms regarding rent increases, it does not guarantee that rent will never change; these aspects are often tied to local laws and rental market conditions. Finally, a lease does not establish the market value of the property; rather, market value is determined through various factors including location, condition, and comparable property values in the area.