Question

According to the statue of frauds, is a rental agreement that is oral but for a period of under one year required to be in writing?

1) True
2) False

Answer 1

According to the Statute of Frauds, an oral rental agreement for a period of less than one year is not required to be in writing, but it is generally recommended to have a written agreement to avoid misunderstandings.

Step-by-step explanation:

False

According to the Statute of Frauds, an oral rental agreement for a period of less than one year is not required to be in writing. The Statute of Frauds is a law that requires certain types of contracts, including real estate contracts, to be in writing in order to be enforceable. However, there are some exceptions to this rule, and oral rental agreements for periods under one year fall under one of those exceptions.

While a written agreement is not required, it is generally recommended to have a written rental agreement in order to avoid misunderstandings and protect the rights of both the landlord and tenant. Having a written agreement can provide clarity on important terms such as rent amount, payment due dates, and any additional conditions or rules.