Question

What document outlines the terms and conditions under which a tenant occupies a property, and outlines the rights and responsibilities of both parties? a. lease c. rent-to-own contract b. purchase agreement d. home equity loan

Answer 1

a. lease

Step-by-step explanation:

Lease is defined as a contract agreement that states the amount a lessee pays to the lessor for use of a property.

Also various conditions of use are usually stated in the lease.

For example who will handle maintenance of the property.

These terms are agreed by both parties and is binding on them.

Information like the lease amount, due date, lessor, and lessee are stated