What is the term for a document that indicates the transfer of property use for a limited time?

Prepare for the Legal Terminology Block 2 Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Boost your legal vocabulary and ace your exam!

The term for a document that indicates the transfer of property use for a limited time is a lease. A lease is a legal agreement where one party, known as the lessor, grants another party, called the lessee, the right to use and occupy a property for a specified period in exchange for payment, usually in the form of rent. This arrangement defines the terms under which the lessee can use the property while maintaining ownership with the lessor.

In contrast, a contract generally refers to any legally enforceable agreement, which can encompass a wide variety of transactions, and does not specifically pertain to property use. A mortgage relates to the borrowing of money secured by real property, outlining repayment terms rather than usage rights. An easement is a right to use a portion of someone else's property for a specific purpose, such as access or utility lines, but it does not convey the right to occupy the property as a lease does. Therefore, a lease is the correct term in this context, as it specifically deals with the temporary transfer of property use.

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