Question

What is a lease what are its merits and demerits?

Answer 1

Aleaseagreement is simply a contract between a landlord and a tenant that stateswhat the tenant will pay monthly for rent and for how long.Leaseagreements, like many contracts, tend to intimidate some people

Answer 2

a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment.