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Module one discusses leases and tenancies, which are agreements between a property owner (landlord) and another party (tenant) to transfer the right to occupy and use the property for a period of time. Landlord-tenant law governs this relationship, outlining the rights and responsibilities of each party. A lease is a contract granting the tenant the right to possess the property for a specified time, with terms and obligations for both parties clearly specified. This arrangement allows landlords to temporarily transfer some property rights to tenants, while retaining ownership.