Humber/Ontario Real Estate Course 1 Exam Practice

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What issue arises from indefinite lease terms related to start date and rental costs?

A void lease for lack of clarity
Lease remains enforceable to the tenant
Lease requirements for clarity are unmet
Terms are enforceable by the landlord
Variable agreements are inherently void
Unclear lease might still be binding

The correct answer is: Lease requirements for clarity are unmet

Indefinite lease terms related to the start date and rental costs create an issue because lease requirements for clarity are unmet. When lease terms are ambiguous or unclear, it can lead to potential misunderstandings and disputes between the landlord and tenant. Clarity in lease agreements is essential to ensure that both parties have a clear understanding of their rights and obligations. Therefore, a lease with indefinite terms related to start date and rental costs fails to meet the necessary clarity standards typically required for a lease agreement to be valid and enforceable.