Contracts
A lease is a type of contract that creates which legal relationship?
AA fiduciary relationship between landlord and tenant
BA landlord-tenant (lessor-lessee) relationship granting the tenant a leasehold estate✓ Correct
CJoint ownership of the property
DA financing relationship secured by the property
Explanation
A lease creates a landlord-tenant relationship, granting the tenant the right to possession and use of the property (leasehold estate) for a specified term in exchange for rent.
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