Multiple choice

Which of the following is incorrect regarding lease of immovable property?

  1. The transferor is called the lessor.

  2. The transferor is called the lessee.

  3. The price in a lease is called the lease rental.

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A lease is a legal document outlining the terms under which one party agrees to rent property from another party and the periodic payment made to the owner of a property for the use of said property is rent. Thus, both are different. Option 3 does not state the truth.

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