In a Lease Agreement, the Person Who Owns the Real

question 37

Multiple Choice

In a lease agreement, the person who owns the real property and permits the occupation of the premises is known as the __________, and the person who occupies the property is known as the __________.

• A) lessor; lessee
• B) lessee; lessor
• C) grantor; grantee
• D) grantee; grantor

---

Definitions:

Empirical Support

Evidence-based confirmation or validation for a theory, hypothesis, or method, usually derived from observation or experiment.

Research Design

The overall strategy chosen to integrate the different components of the study in a coherent and logical way, thereby ensuring you will effectively address the research problem.

Quantitative Approach

refers to a research or analysis method that focuses on quantifying patterns, behaviors, or phenomena using statistical, mathematical, or numerical data.

Managerial Judgement

The process by which managers make decisions based on a combination of factors including data analysis, experience, and intuitive understanding.