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Which of the following statements is true of a legal offer?
Lessor
A lessor is a person or entity who leases or rents property to another, known as the lessee.
Tenant
An individual who rents or leases a space, such as an apartment or office, from a landlord.
Mortgage
A legal agreement in which a borrower agrees to repay a lender over time, secured by real property as collateral.
Closing Costs
Expenses over and above the price of the property in a real estate transaction, such as taxes, attorney's fees, and title insurance.
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