Under the Law and Equity Act, the writing requirement does not apply to leases of which term?

• A. More than 3 years
• B. Residential leases only
• C. Commercial leases only
• D. 3 years or less

Answer: (D)

The main idea is the threshold for the writing requirement under the Law and Equity Act. The Act requires a written lease if the term is longer than three years, ensuring clear terms for longer, more significant commitments. Leases of three years or less do not fall under that writing requirement, so an oral agreement can be enforceable under the Act. This is why the correct answer points to three years or less—the writing rule does not apply to those shorter terms. The distinction isn’t about residential vs commercial leases; it’s about how long the lease lasts.