Tenant A signs a lease to rent an apartment, with the lease running from October 1 until November 1 of the following year. Tenant B signs a two-year lease to rent an apartment in a new building that will be ready for occupancy in 15 months. Which of these leases must be in writing to satisfy the statute of frauds?

Question

11-08-2020
Social Studies

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Tenant A signs a lease to rent an apartment, with the lease running from October 1 until November 1 of the following year. Tenant B signs a two-year lease to rent an apartment in a new building that will be ready for occupancy in 15 months. Which of these leases must be in writing to satisfy the statute of frauds?

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Harrisonjob Harrisonjob · Answer 1 · 2020-08-13T02:53:58+02:00

Answer:

Correct Answer: The lease that will be in writing to satisfy the statute of fraud is:

1. Tenant A signs a lease to rent an apartment, with the lease running from October 1 until November 1 of the following year.

Explanation:

This is because, for Tenant A, there is a high probability that, he or she could possibly refuse to rent the apartment after the owner might have made some expenses thereby causing more harm. Signing a contract agreement in writing is a way to prevent fraud unlike Tenant B who signed ahead of the fact that the building is not yet ready.