Question

What is a lease? AA loan from a bank used to buy a house. BA loan from a bank used to rent a home. CA contract outlining the terms under which a landlord agrees to rent property to a tenant. DA contract outlining the terms of a mortgage.

Answer 1

Contract outlining the terms under which a landlord agrees to rent property to a tenant :)

Answer 2

The correct answer is C. A contract outlining the terms under which a landlord agrees to rent property to a tenant.

Explanation:

A lease is a type of financial relationship and contract between a landlord and a tenant. In this, the landlord who owns a house, territory, apartment or similar, allows the tenant to use the property as its own for a certain time and in exchange for a payment that is usually a monthly payment. This is very common in societies and does not require the participation of banks or financial entities but only particular individuals. For example, when you rent an apartment to live in it you are part of a lease. Therefore, a lease is "A contract outlining the terms under which a landlord agrees to rent property to a tenant".