Which of the following is NOT typically included in a lease agreement?

The correct answer is that ownership transfer clauses are not typically included in a lease agreement. A lease agreement primarily outlines the terms under which a tenant can occupy and use a property, but it does not transfer ownership of that property. Instead, it serves as a legal contract between the landlord and tenant, detailing aspects such as rental terms, duration of lease, and responsibilities for property maintenance.

Rental terms provide specifics about how much the tenant will pay and when those payments are due. The duration of the lease specifies how long the tenant has the right to occupy the space. Property maintenance responsibilities clarify the obligations of both landlords and tenants regarding upkeep and repairs. Ownership transfer, on the other hand, involves the legal transfer of property rights, which is addressed in real estate purchase agreements rather than lease agreements. Therefore, the inclusion of ownership transfer clauses in a lease would be inappropriate and unnecessary, focusing instead on temporary occupancy and the terms surrounding it.