A lease creates __________, between lessee and lessor.
A) privity of estate
B) privity of contract
C) privity of reversion
D) All of these relationships.
E) privity of estate and privity of contract

Question

Quizplus · Accepted Answer

A lease creates both privity of estate and privity of contract between the lessee and lessor. Privity of estate relates to the property rights and interests transferred by the lease, while privity of contract refers to the rights and obligations arising from the lease agreement itself.

A Lease Creates __________, Between Lessee and Lessor