Ask Question
6 December, 05:30

Victoria, the lessee is negotiating to lease a condo from Sanchez, the lessor. They have agreed on the monthly lease payment, term of lease, security deposit, and so forth. Victoria plans to start moving in on the first day of next month.

Which of the following applies to this situation?

a. Offer

b. Contract

c. Title

d. Executed

+5
Answers (1)
  1. 6 December, 08:26
    0
    The correct answer is B Contract

    Explanation:

    A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. This contract guarantees the lessee / tenant use of an asset and guarantees the lessor, the property owner or landlord, regular payments (rent) for a specified period in exchange.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Victoria, the lessee is negotiating to lease a condo from Sanchez, the lessor. They have agreed on the monthly lease payment, term of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers