What is a lease in legal terms?

In legal terms, a lease is specifically defined as a contractual agreement that evidences the transfer of property use from a landlord (the lessor) to a tenant (the lessee) for a specified period of time, typically in exchange for rent. This document outlines the rights and responsibilities of both parties regarding the use of the property, including the duration of the lease, payment details, maintenance obligations, and any restrictions on property use.

This characterization as a document evidencing the transfer of property use is essential because it establishes a legal basis for the tenant's right to occupy and use the property, as well as the landlord's obligations regarding the property's condition and amenities. A well-drafted lease serves to protect both parties by setting clear expectations and legal recourse in the event of disputes.

The other options, while related to leasing, do not accurately define a lease in legal terms. A promise to pay rent is a part of the lease arrangement but does not encompass the entire framework of rights and responsibilities included in a lease. A verbal agreement can exist between a tenant and landlord, but leases are typically formalized in writing for legal enforceability and clarity. Lastly, a lease is fundamentally different from a contract for the sale of real estate, as a