A transfer by a landlord/lessor of real or personal property to a tenant/lessee for a period of time for consideration is called a(n)

A) mortgage.
B) estate.
C) transfer of property.
D) lease.

Lease

A contractual agreement in which one party (the lessor) allows another (the lessee) to use an asset for a specified period of time in exchange for payment or some other consideration.

Lessor

A lessor is a person or entity who leases or rents property to another, known as the lessee.

Tenant

An individual who rents or leases a space, such as an apartment or office, from a landlord.