Robert is interested in leasing Bill's property.Robert must include all of the following essentials into the lease agreement,except a definite:

Question

Quizplus · Accepted Answer

The lease agreement should include a definite agreement as to the extent and bounds of the leased property, an agreed term (length of lease), and an agreed price of rental and manner of payment. However, agreement about the purchase options of the property is not an essential part of a lease agreement. Lease agreements typically do not include an option to purchase the property, but rather provide the lessee with the right to use the property for a certain period of time in exchange for rent payments.

Robert Is Interested in Leasing Bill's Property