Which phrase best describes a lease agreement?

A lease agreement primarily grants the tenant the temporary use of a property owned by another party, typically the landlord. This relationship allows the tenant to occupy and utilize the property for a specified duration, while the ownership rights remain with the landlord. The lease will detail the terms of occupancy, such as the duration, rental amount, and responsibilities of both parties.

The phrase "temporary use of property" accurately captures the essence of a lease. It emphasizes that the tenant has access for a limited time, which differentiates it from ownership scenarios. In contrast, clauses concerning buying rights (as seen in the right to buy property) or full ownership rights do not apply to lease agreements, as these imply permanent possession. Additionally, a lease typically involves financial obligations, such as regular rent payments, making the option concerning no financial obligations not applicable in this context.