Which of the following contracts specifies a predefined return for periodic payment in property agreements?

The lease agreement is the correct choice because it outlines the terms under which one party (the lessee or tenant) pays the owner (the lessor or landlord) for the use of a property over a specified period. In a lease, the rent is defined as a periodic payment that the tenant must make, which is typically outlined as a fixed amount due monthly or annually. This structure allows both parties to know in advance the obligations and expectations regarding payments, thereby ensuring that the property owner receives predefined returns on their investment while the tenant has the right to utilize the property.

In contrast, a sale agreement is focused on the transfer of ownership of a property, where the buyer pays a lump sum rather than making periodic payments. A partnership agreement governs the terms of a business partnership and does not inherently involve periodic payments related to the ownership or use of property. An option contract provides the right, but not the obligation, to purchase a property at a predetermined price within a certain timeframe, without outlining regular payments similar to a lease.