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What does the Covenant of Quiet Enjoyment guarantee?

  1. Unrestricted access to the property

  2. Peaceful possession of the premises

  3. Rental price freezes

  4. Permanent residency rights

The correct answer is: Peaceful possession of the premises

The Covenant of Quiet Enjoyment is a fundamental component of lease agreements that ensures a tenant can possess and use the leased property without interference from the landlord or any third party. This means that the tenant has the right to enjoy the property peacefully, free from disturbances or disruptions that might hinder their use and enjoyment of the premises. This covenant protects the tenant's right to enjoy their living or working space without fear of eviction or harassment, thereby fostering a sense of stability and security in the rental relationship. It is designed to create a harmonious environment where the tenant can peacefully reside, knowing their rights are protected against unwarranted actions that could disrupt their occupancy. Other options like unrestricted access, rental price freezes, and permanent residency rights do not capture the essence of what the Covenant of Quiet Enjoyment entails.