Nancy's lease deed clearly states that she will have to pay $1,250 as rent per month and $8,000 as a one-time payment to secure her performance of duties under the lease.This $8,000 is known as:

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The $8,000 one-time payment Nancy must make to secure her performance of duties under the lease is known as a security deposit. This is a common practice in leasing agreements to cover any potential damages or unpaid rent.

Nancy's Lease Deed Clearly States That She Will Have to Pay