Which lease type is used for a contract that grants a tenant the right to rent a residential property, often accompanied by a warranty of habitability?

Which lease type is used for a contract that grants a tenant the right to rent a residential property, often accompanied by a warranty of habitability?

• A. Real Estate Lease
• B. Residential Lease
• C. Commercial Lease
• D. Gross Lease

Answer: (A)

A lease is a contract that gives someone the right to occupy real property in exchange for rent. The term real estate lease refers to the broad agreement that covers leasing any real property, including residential dwellings. Since rental housing is a real estate transaction, this broad label fits the contract that grants a tenant the right to live in a residence, and it aligns with the idea that such leases often include a warranty of habitability—the landlord’s obligation to provide livable living conditions. A residential lease is a specific type within this broad category, but the question points to the general lease form used for renting residential property, which is best described as a real estate lease. A commercial lease pertains to business properties, and a gross lease mainly describes who pays expenses rather than the type of property.

A lease is a contract that gives someone the right to occupy real property in exchange for rent. The term real estate lease refers to the broad agreement that covers leasing any real property, including residential dwellings. Since rental housing is a real estate transaction, this broad label fits the contract that grants a tenant the right to live in a residence, and it aligns with the idea that such leases often include a warranty of habitability—the landlord’s obligation to provide livable living conditions. A residential lease is a specific type within this broad category, but the question points to the general lease form used for renting residential property, which is best described as a real estate lease. A commercial lease pertains to business properties, and a gross lease mainly describes who pays expenses rather than the type of property.