Question

Leases that run for 100 years or more

A) are prohibited in some states.
B) are unenforceable.
C) cannot be prohibited by law.
D) are valid and enforceable in all states.

Answer 1

Leases that run for 100 years or more are valid and enforceable in all states.

Step-by-step explanation:

Leases that run for 100 years or more are valid and enforceable in all states.

The duration of a lease is typically determined by the agreement between the landlord and tenant. While some states may have restrictions on certain lease durations, there is no general prohibition against leases lasting 100 years or more. In fact, long-term leases are often used for commercial properties and large land transactions.

For example, a developer may lease a piece of land for 100 years to build a shopping mall or an energy company may lease land for a renewable energy project. These leases provide stability and long-term planning opportunities for both parties involved.