How does a lease differ from a rental agreement?

AMP Property Management Practice Test

Question Number 5

A lease is typically month-to-month, while a rental agreement covers a longer term A lease usually covers a longer lease term, while a rental agreement is often month-to-month A lease applies to commercial properties, while a rental agreement applies to residential properties A lease requires a security deposit, while a rental agreement does not

✔ Correct Answer:

A lease usually covers a longer lease term, while a rental agreement is often month-to-month

AMP Property Management Practice Test

Question Number 5

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