As with Any Valid Contract, Enforceable Leases Must Meet a Number

question 10

Multiple Choice

As with any valid contract, enforceable leases must meet a number of requirements. One of these requirements is for each party to provide appropriate consideration. In a lease, which of the following constitutes the landlord's consideration?

• A) Promise to pay rent
• B) Passing on legal title to the property
• C) Permission to occupy the space or property
• D) Commission to the leasing agent

---

Definitions:

Individual Needs

Basic or psychological requirements that motivate behavior and are essential for personal wellbeing and growth.

Corporate Ladder

The hierarchical structure within an organization, representing different levels of position and responsibility, which employees aim to ascend.

Higher-order Needs

Needs in Maslow's hierarchy that go beyond basic physiological and safety requirements, focusing on psychological and self-fulfillment desires.

Maslow's Needs Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that individuals are motivated by a hierarchy of needs starting from the most basic physical needs to higher psychological needs.