A lease is an agreement that creates a leasehold out of an estate and contains conditions. This agreement is between a landlord (lessor) and a tenant (lessee) for the tenant to occupy and use the property in exchange for rent.

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A Lease Is A(n)

Question 160

Multiple Choice

A lease is a(n) :

A) a payment for use of an estate
B) unwritten,informal agreement concerning use of a piece of property
C) agreement between a landlord and the court system
D) agreement that creates a leasehold out of an estate and contains conditions
E) none of the other choices are correct

Correct Answer: