Contracts
A lease agreement for commercial property in Alabama exceeding one year must be:
AOral agreements are acceptable for commercial leases
BIn writing and signed by the parties to be enforceable✓ Correct
CNotarized by an Alabama notary
DFiled with AREC
Explanation
Under Alabama's Statute of Frauds, leases for real property exceeding one year must be in writing and signed by the party to be charged to be enforceable.
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