What is a lease?
What will be an ideal response?
A rental agreement between a landlord and a tenant is called a lease. Leases can generally be either oral or written, but most Statutes of Frauds require that leases for periods of time longer than one year be in writing. A lease must contain the essential terms of the parties' agreement. A lease is often a form contract that is prepared by the landlord and presented to the tenant. This practice is particularly true of residential leases. Other leases are negotiated between the parties.
You might also like to view...
A promotional campaign attributes promotional expenditures to a particular creative execution aimed at a particular product for the length of the product life cycle.
Indicate whether the statement is true or false.
Which of the following is an organizational factor that influences business buyers?
A) technology B) company procedures C) employee attitudes D) employee motives E) group dynamics