A lease creates,between lessee and lessor,

Question

Quizplus · Accepted Answer

Privity of estate is created under a lease, which means the landlord and tenant have a legal relationship based on their ownership interests in the property. Privity of contract is also created because the lease is a contract between the landlord and tenant outlining their respective rights and obligations. Therefore, both choices A and B are correct. Privity of reversion is not created under a lease, because this refers to the relationship between the current owner of property and the next owner who will take possession when the current owner's interest comes to an end.

A Lease Creates,between Lessee and Lessor