Question

Ida moves to New York from Poland and wants to live in an apartment. However, she does not have sufficient money to buy one. Her colleague Henry said Ida can live in his old apartment for a year, if she pays him $25,000. This contract would be considered a(n) ________. Group of answer choices

Answer 1

Answer:

Lease

Explanation:

Lease is the contract in which one party should convey the property in terms of land, services to the other party for a particualr time and in return they would paid the periodic payment i.e. of month wise normally

so as per the given situation since she does not enough money so she pay $25,000 to him for a year that means it a lease contract between them