What are three common covenants found in a lease?

The correct answer highlights three key elements often included in lease agreements that ensure clarity and legal enforceability.

The demising clause specifically outlines the portion of the property being leased, establishing the boundaries of the landlord's and tenant's rights. This is essential for determining what exactly is included in the leasehold estate and avoids potential disputes over the area being rented.

The description of premises provides detailed information about the property or specific unit being rented. This detail is crucial for both parties, as it ensures that the tenant knows what they are renting, which can include the address, type of property, and any included amenities.

A clear statement of term establishes the duration of the lease, indicating how long the tenant will occupy the premises. This timeframe is vital for both the landlord and the tenant as it governs when the lease begins and ends, laying out the timeframe for both parties to fulfill their obligations under the lease.

These elements together form a comprehensive framework for understanding the lease agreement and protecting each party's interests, which reinforces why this option is the most accurate choice among those provided.