What does a lease involve between two parties?

A lease involves an agreement between the lessor and lessee, establishing the terms under which one party (the lessor) grants the other party (the lessee) the right to use and occupy a property for a specified period in exchange for payment, typically rent. This formal contract details obligations, duration, and what happens at the end of the lease term. The relationship between the lessor, who retains ownership of the property, and the lessee, who is granted temporary use of the property, is essential to the definition and function of a lease.

The other options do not accurately describe the nature of a lease. For instance, an agreement to sell property involves the transfer of ownership, which is fundamentally different from a lease where ownership remains with the lessor. An arrangement for property exchange suggests a barter or trade scenario rather than a rental agreement. A contract for future investment may imply a financial arrangement or speculation, but it does not convey the specific legal terms surrounding rental agreements outlined in a lease.