Property Management
Which type of lease provides a fixed rent amount for a defined period, such as one year?
AMonth-to-month lease
BGross lease
CGross lease (alternative)
DFixed-term (estate for years) lease✓ Correct
Explanation
A fixed-term lease (also called an estate for years) specifies a definite beginning and ending date with a fixed rent amount. It does not require either party to give notice to terminate — the lease ends automatically.
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