What term describes an agreement between two parties regarding the use of a property?

What term describes an agreement between two parties regarding the use of a property?

• A. Title
• B. Lease
• C. Contract
• D. Grant

Answer: (B)

The term that describes an agreement between two parties regarding the use of a property is a lease. A lease is a legal document that outlines the terms under which one party can occupy or utilize property owned by another party for a specific period of time, usually in exchange for rent. This agreement defines the rights and responsibilities of both the landlord and the tenant, ensuring that both parties understand their obligations, such as payment terms, maintenance responsibilities, and conditions for lease termination. In contrast, a title refers to the legal ownership of a property, which does not involve agreements between parties for use. A contract is a broader term that can apply to many types of agreements, not just real estate, and it does not specifically relate to the use of property. A grant typically involves the transfer of property or rights from one party to another, rather than an agreement for use. Thus, the specificity of a lease in relation to property use makes it the correct answer.

The term that describes an agreement between two parties regarding the use of a property is a lease. A lease is a legal document that outlines the terms under which one party can occupy or utilize property owned by another party for a specific period of time, usually in exchange for rent. This agreement defines the rights and responsibilities of both the landlord and the tenant, ensuring that both parties understand their obligations, such as payment terms, maintenance responsibilities, and conditions for lease termination.

In contrast, a title refers to the legal ownership of a property, which does not involve agreements between parties for use. A contract is a broader term that can apply to many types of agreements, not just real estate, and it does not specifically relate to the use of property. A grant typically involves the transfer of property or rights from one party to another, rather than an agreement for use. Thus, the specificity of a lease in relation to property use makes it the correct answer.