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→a) By Formal Contract
===a) By Formal Contract===
A tenancy interest is granted by a contract known as a tenancy agreement or lease. Often the parties will enter into an express agreement (see [[{{PAGENAME}}#C. Contractual Nature of the Tenancy Agreement | Section IIIIV.C: Contractual Nature of the Tenancy Agreement]]). The executed tenancy agreement governing the tenant’s possession may be written, or oral, or both (see the s 1 definition of “tenancy agreement”). To be enforceable, the elements of a complete contract (offer, acceptance, and consideration) must be present (see [[Introduction_to_Consumer_Protection_(11:I) | Chapter 911: Consumer Protection]]).
===b) By Implied Contract===