Advanced Placement (AP), 08.10.2019 07:30 daliakreynin

What is a lease?
a. a contract outlining the terms under which a landlord agrees to rent property to a tenant.
b. a loan from a bank used to buy a house.
c. a loan from a bank used to rent a home.
d. a contract outlining the terms of a mortgage.?

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Answer from: mya1318

The correct answer is A) A contract outlining the terms under which a landloard agrees to rent proprety to a tenant.

A lease is a common agreement used today in American society. Leases often refer to properties like apartments, condos, or homes. In this agreements, property owners outline a series of conditions and costs that the person leasing the property must abide by. Failure to abide by the agreed upon conditions can result in the termination of the contract.

Answer from: ctyrector

The correct answer is A, simply because a lease is a contract outlining the terms under which a landlord agrees to rent property to a tenant.

Simply put, a lease refers to a contract that detailed the conditions or terms under which a person or a party agrees to rent out a property that belongs to another party.

Further Explanation

Some of the things included on a residential property lease are:

The location of the propertyThe duties of the landlordThe responsibilities of the Tenant

Also, tenant responsibilities include

The rent amountThe rent due datePet policiesSecurity depositImplications of breach of contract

Although, not all leases are of the same pattern but generally a lease must contain the lessor, rent amount, due date, Lessee, etc

For the contract to be properly effected, the landlord would demand that the tenant signed the lease, and signing the lease by the tenant indicates such tenant has agreed to the details of the lease before he or she can occupy the property.

The implications of breaking the lease by the landlord will result in a civil lawsuit and a tenant may also have problems renting a new property if the terms of the contract are not strictly adhered to.

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What is a lease?
a. a contract outlining the terms under which a landlord agrees to rent pro...

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