Which of the following is a type of lease that generally lasts for a specific period?

A fixed-term lease is a type of lease that lasts for a specific period, which is typically set out in the lease agreement. This duration can range anywhere from several months to multiple years, and it clearly defines the time frame during which the tenant has the right to occupy the property. The defining feature of a fixed-term lease is its stability and predictability, as both parties know exactly when the lease begins and when it ends. At the end of this period, the lease agreement can often be renewed if both parties agree, or the tenant may need to vacate the property if no renewal takes place.

In contrast, a month-to-month lease does not have a predetermined end date, allowing either party to terminate the agreement with appropriate notice. A gross lease is more focused on the type of expenses covered by the landlord, such as maintenance and utilities, rather than the lease duration. A lease-option provides a tenant with the opportunity to purchase the property under certain conditions but does not inherently imply a fixed duration like a fixed-term lease. Thus, the fixed-term lease is distinctly characterized by its specified duration, making it the correct choice.