The parts of a lease that are most similar to a mortgage are C. THE TERM OF LEASE AND THE MONTHLY RENT.
The term of lease is at least 1 year. And lease payments are usually made monthly.
Mortgage, be it real property or chattel mortgage, is for a period of at least 5 years and monthly payment must be made. The payment covers the principal amount loaned as well as the corresponding interest on the loaned amount.
