If you do not own the building, you must have an agreement between yourself and the owner called a:

• A. Rental Agreement
• B. Property Contract
• C. Building Lease
• D. Lease

Answer: (D)

When you don’t own the building, the arrangement with the owner is a lease. A lease is a written contract that gives you the right to occupy the space for a defined period in exchange for rent. It’s the formal, legally enforceable agreement that specifies how long you can stay, the amount and due date of rent, responsibilities for maintenance, and what happens if either party doesn’t meet the terms.

A rental agreement can be similar but is often used for shorter or month-to-month arrangements and may not provide the same guaranteed exclusive possession as a lease. The other options aren’t standard terms for this situation, while a lease is the recognized instrument that establishes tenancy.