A legal agreement that allows someone to use a building or land for a period of time, usually for rent.

A legal agreement that allows someone to use a building or land for a period of time, usually for rent.

One Word Substitution: Select the word from the options given below that best describes the given group of words:

Ques.: A legal agreement that allows someone to use a building or land for a period of time, usually for rent.
Option A – Deal
Option B – Lease
Option C – Assurance
Option D – Bond

Answer & Explanation:

(Option B)- The correct answer is Lease

 

 

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