An agreement for one year lease, to begin one month after the agreement, must be in...
An agreement for one year lease, to begin one month after the agreement, must be in writing.
True or false,
Homework Answers
The answer is false.
If your lease is for exactly one year, or less than one year, the law does not require it to be put in writing. A lease for less than one year can be orally agreed to between a landlord and tenant (often called a “handshake” agreement), as long as the landlord and tenant agree on basic terms.
A written agreement can act as a roadmap for the landlord-tenant relationship, especially if a dispute arises. Also, real estate (land) leases for more than one year must be in writing. If a lease for over one year is not in writing, it will generally not be enforceable in court.
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An agreement for one year lease, to begin one month after the
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A lease agreement that qualifies as a finance lease calls for annual lease payments of $26,269...
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expected to have an economic life of 6 years, after which time it
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