What is typically required for leases longer than one year to be enforceable?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

For leases longer than one year to be enforceable, they must be in writing. This requirement is established under the Statute of Frauds, which is a legal doctrine that mandates certain types of contracts, including leases that extend beyond one year, to be in written form to be legally enforceable.

This necessity for written documentation helps protect both parties in the lease agreement by providing clear evidence of the terms and conditions agreed upon. A written lease reduces the risk of misunderstanding or disputes regarding the obligations of each party involved.

Options suggesting that a lease can simply be signed by the landlord or can be established through verbal agreements do not satisfy legal requirements for enforceability in this context. Notarization is not a requirement for all leases and, while it can add an extra layer of validation, it is not essential for the agreement's enforceability as long as it is documented in writing.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy