Bart leased a piece of land called Blackacre to Aida for two years.Which of the following statements is TRUE?

Question

Quizplus · Accepted Answer

When Bart leased Blackacre to Aida, Bart still retained ownership of the land, but gave Aida a possessory interest in it. Both of them have estates in Blackacre - Bart as the landlord and Aida as the tenant - although they have different rights and responsibilities in relation to the property. The lease does not necessarily have to be evidenced in writing to be valid, although certain types of leases do have to be in writing to comply with the statute of frauds. There is no requirement that Bart have a fee simple interest in Blackacre; he could have a lesser interest in the property that still allows him to lease it out to tenants.

Bart Leased a Piece of Land Called Blackacre to Aida