A lease is entered into between landlord and tenant on May 10 and provides that the tenant shall take possession of the premises on August 1. The lease is effective and commences on:

Question

Quizplus · Accepted Answer

A lease is a contract that creates a landlord-tenant relationship. The lease is effective and commences on the date it is signed by both parties, which in this case is May 10.

A Lease Is Entered into Between Landlord and Tenant on May