Which of the following best describes a lease?

A lease is best described as a temporary right to use real estate because it grants the lessee (the tenant) the right to occupy and use a property for a specified period while the ownership of the property remains with the lessor (the landlord). This contractual agreement specifies various terms, such as the duration of the lease, rental payments, and any other conditions that govern the use of the property. Unlike a transfer of ownership, which conveys full rights and control of the property to another party, a lease simply provides the lessee with legal permission to use the property temporarily, maintaining the lessor's title to the property. It is also distinct from other documents like mortgages and warranty deeds, which serve different legal purposes in real property transactions. A mortgage is a security agreement for a loan secured by real estate, while a warranty deed transfers ownership of property and guarantees that the title is clear of defects.