Check Your Understanding Answers
- What is a lease agreement?
A lease agreement is a legally enforceable contract where an agent or owner of a property gives the exclusive right of possession for a specific amount of time in exchange for money.
- When is a California lease required to be in writing?
- It has a term longer than one year.
- It has a term less than one year, which expires more than one year after the agreement is reached.
- The property is managed by a property manager and the property manager or an employee will be signing the lease agreement as the owner’s legal agent.
- What does Megan’s Law require lease agreements include?
Megan’s Law requires all lease agreements to include information about the database law enforcement has pertaining to the location of registered sex offenders.
- List three covenants that are common in a lease. (See page 12 for other correct answers.)
- Demising clause
- Description of the premises
- Clear statement of term
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