Which agreement transfers use and possession from lessor to lessee?

The correct answer is a lease, as it is the legal agreement that explicitly transfers the rights of use and possession of a property from the lessor (the landlord or property owner) to the lessee (the tenant). Through a lease, the lessee gains the ability to occupy and utilize the property for a specified duration, while adhering to the terms set forth in the agreement.

A lease outlines the conditions under which the lessee can enjoy the property, including the duration of the tenancy, rental payments, maintenance responsibilities, and any rules or regulations that must be followed. This transfer of use and possession is distinct from ownership, which involves different legal assessments and rights.

In contrast, a deed serves as a legal document that conveys title (ownership) of a property from one party to another, but it does not pertain to temporary use and possession. Title refers to the legal right to own property, encapsulating ownership rights but not usage rights without a separate agreement. Chattel, on the other hand, typically refers to personal property rather than real estate, further separating it from the context of lease agreements. Thus, a lease is specifically designed to establish the terms for the use and possession of a rental property.