A lease is simply a rental agreement that specifies a minimum period of time for which one must make rental payments.

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This is an accurate statement. A lease is a legally binding agreement between a landlord and a tenant that outlines the terms of renting a property for a specified period of time. Typically, the minimum period of time for a lease is one year, although it can vary depending on the landlord and rental property. During the lease term, the tenant is responsible for paying rent on a regular basis and following the agreed-upon terms and conditions of the lease.

A Lease Is Simply a Rental Agreement That Specifies a Minimum