What term is used for the arrangement under which a tenant pays rent to a landlord?

What term is used for the arrangement under which a tenant pays rent to a landlord?

• A. Lease
• B. Contract
• C. Tenancy
• D. Agreement

Answer: (A)

The term "Lease" is specifically used to describe the legal arrangement in which a tenant pays rent to a landlord in exchange for the right to occupy and use a property for a specified period. A lease outlines the rights and responsibilities of both parties, including payment terms, duration, and conditions for termination. This contractual agreement provides legal protection and clarity for both the landlord and the tenant regarding usage of the property, making it a critical aspect of rental arrangements. While the terms "Contract," "Tenancy," and "Agreement" are related concepts in real estate and rental situations, they do not precisely capture the specific nature of the arrangement between a landlord and tenant regarding rent payment. A lease is a type of contract that specifically conveys rental agreements, while tenancy refers more broadly to the state of being a tenant. An agreement can refer to any understanding between parties, not necessarily formalized as a lease.

The term "Lease" is specifically used to describe the legal arrangement in which a tenant pays rent to a landlord in exchange for the right to occupy and use a property for a specified period. A lease outlines the rights and responsibilities of both parties, including payment terms, duration, and conditions for termination. This contractual agreement provides legal protection and clarity for both the landlord and the tenant regarding usage of the property, making it a critical aspect of rental arrangements.

While the terms "Contract," "Tenancy," and "Agreement" are related concepts in real estate and rental situations, they do not precisely capture the specific nature of the arrangement between a landlord and tenant regarding rent payment. A lease is a type of contract that specifically conveys rental agreements, while tenancy refers more broadly to the state of being a tenant. An agreement can refer to any understanding between parties, not necessarily formalized as a lease.