What is the effect of using the terms "grant, bargain, sell" in a lease?

Using the terms "grant, bargain, sell" in a lease implies a warranty of ownership, meaning that the lessor is affirming that they have the legal right to lease the property and that there are no undisclosed encumbrances affecting that right. This language is typically associated with the conveyance of real estate, where such phrases assert that the seller (or lessor, in this case) guarantees the title against any claims.

This warranty assures the lessee that, should a title issue arise, the lessor is responsible for resolving it. In the context of a lease, this assurance provides additional security for the lessee, as it indicates that the lessor stands behind their ownership of the property being leased.

The other options touch on different aspects of real estate and lease agreements but do not capture the significance of "grant, bargain, sell" as directly relating to ownership warranty. The phrase is standard in conveyances to signal a promise of title, thus making the correct choice clear.