If a Lease Must Be Acknowledged for Recording, Whose Signature

question 23

Multiple Choice

If a lease must be acknowledged for recording, whose signature should be acknowledged?

• A) Property manager
• B) Lessor
• C) Lessee
• D) Notary public

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Definitions:

Drawer

The party that writes or creates a bill of exchange, such as a check, directing a drawee to pay a specified sum to a payee.

Drawee

The party, typically a bank, upon whom a check or draft is drawn and is expected to pay the stated amount.

Drawer

The party that writes and signs a negotiable instrument, such as a check, instructing a drawee (often a bank) to pay a specified sum to a payee.

Draft

A preliminary version of a document, plan, or proposal that is subject to revision and refinement.