In a lease agreement lasting more than one year, which statement is true?

In a lease agreement lasting more than one year, the requirement for a written document stems from the Statute of Frauds, which mandates that certain contracts, including leases longer than one year, be in writing to be legally enforceable. This legal principle helps to prevent misunderstandings and disputes regarding the terms of the lease.

When a lease is documented in writing, it provides a clear record of the agreed-upon terms, such as the duration, rent amount, and conditions of tenancy. Without a written lease for these longer terms, a tenant may face difficulties asserting their rights or enforcing the agreement in a legal context.

This is why the statement regarding leases for periods of more than one year needing to be in writing is accurate. In contrast, oral agreements for leases shorter than one year may be enforceable, which is not applicable in this case since the lease duration exceeds that limit.