Question

Can a licensee prepare or modify a lease form? What are the exceptions?

1) Yes, a licensee can prepare or modify a lease form
2) No, a licensee cannot prepare or modify a lease form
3) Licensees can only modify lease forms, not prepare them
4) Exceptions vary based on jurisdiction

Answer 1

A licensee can prepare or modify a lease form, but there are exceptions based on state regulations. It's important for licensees to be familiar with the specific regulations in their jurisdiction.

Step-by-step explanation:

A licensee can prepare or modify a lease form in some cases, but there are exceptions.

The general rule is that a licensee can prepare or modify a lease form, but there are state regulations that determine the extent of their authority. For example, in some jurisdictions, licensees may be able to prepare or modify lease forms as long as the parties involved have agreed to the terms. However, in other jurisdictions, only attorneys are allowed to prepare or modify lease forms.

It's important for licensees to be familiar with the specific regulations in their jurisdiction to ensure compliance.