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What is the purpose of a lease?

It allows a business owner to use somebody's property for a price.
It establishes a business partnership to maintain a strong supply chain.
It allows a property owner a portion of a business's profits.
It determines the amount of competition to a business in a location.

1 Answer

6 votes
FINAL ANSWER:
It allows a business owner to use somebody's property for a price.

Step-by-step explanation:
A lease is a legal agreement that permits one party (the lessee) to use and occupy another party's property (the lessor) for a specified period of time and in exchange for payment, typically referred to as rent. This arrangement provides the lessee with the right to use the property without owning it outright.
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User Swmfg
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