A lease is a contract granting the use of real property by its owner to another.

Name: A lease is a contract granting the use of real property by its owner to another.
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Quizplus · Accepted Answer

A lease is indeed a contract that allows one party (the lessee) to use real property owned by another party (the lessor) for a specified period of time in exchange for payment, thereby granting temporary possession and use of the property to the lessee.

A Lease Is a Contract Granting the Use of Real