Tenant A signs a lease to rent an apartment, with the lease running from October 1 until November 1 of the following year. Tenant B signs a two-year lease to rent an apartment in a new building that will be ready for occupancy in 15 months. Which of these leases must be in writing to satisfy the statute of frauds?

Correct The lease that will be in writing to satisfy the statute of fraud is:

1. Tenant A signs a lease to rent an apartment, with the lease running from October 1 until November 1 of the following year.

Explanation:

This is because, for Tenant A, there is a high probability that, he or she could possibly refuse to rent the apartment after the owner might have made some expenses thereby causing more harm. Signing a contract agreement in writing is a way to prevent fraud unlike Tenant B who signed ahead of the fact that the building is not yet ready.