Question

What does a lease outline?

Answer 1

The correct answer is D. The obligations of renters and landlords.

Explanation

A lease is a document that establishes the obligations of the renter and the owner (landlord) in a situation of renting a property. These contracts usually have the value that the owner of the property will obtain in exchange for the rental of it, the use that will be given to the property (housing, commerce, production, among others). It also establishes the minimum period of validity of the contract and other provisions such as the physical conditions of the property once the renter rents it, who must assume the payment of its services and provisions that penalize those who breach the contract. According to the above, the correct answer is D. The obligations of renters and landlords.