What must be included in a lease to ensure its validity regarding the premises?

Study for the ASU REA380 Exam 2. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for success!

To ensure the validity of a lease, it is essential to include a detailed physical description of the premises. This provides clarity about what is being leased and helps to prevent misunderstandings between the landlord and tenant regarding the specific property involved in the agreement. A detailed description might include the address of the property, the size and layout of the space, as well as any unique features, which are crucial for identifying the leased property.

When a lease contains this information, it allows both parties to have a clear understanding of their rights and obligations regarding the specific premises. This specificity is important for legal reasons—if disputes arise, having a detailed description can serve as critical evidence in a court setting.

In contrast, decorative provisions or general statements do not offer the necessary specificity to identify the premises, and terms of use focus more on how the property may be utilized rather than the physical aspects of the space itself.

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