Property Management
In Alabama, a lease for more than one year must be in writing to be enforceable under the:
AParol Evidence Rule
BStatute of Frauds✓ Correct
CRule Against Perpetuities
DAlabama Landlord Tenant Act
Explanation
The Statute of Frauds requires that leases for more than one year (and contracts for the sale of real property) must be in writing to be enforceable in Alabama.
Related Alabama Property Management Questions
- The management fee for a property manager is commonly calculated as:
- Which type of lease does NOT expire at the end of a fixed term but continues from period to period until terminated?
- A property manager's PRIMARY fiduciary responsibility is to:
- A gross lease is one in which:
- Under a triple net (NNN) lease, the tenant is responsible for paying:
- A net lease requires the tenant to pay:
- A percentage lease is commonly used in:
- A property manager who collects rents and maintains records on behalf of an owner acts as the owner's:
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