True or False: A landlord may lease land for an indefinite duration as long as both parties agree.

The statement is true because a landlord can lease land for an indefinite duration as long as both parties agree to the terms of the lease. Lease agreements can be structured in various ways, including those with no specific end date, commonly referred to as periodic tenancies. For such agreements to be valid, mutual consent from both the landlord and tenant is essential, allowing flexibility in the duration of the lease. It's important to note that even if the lease is for an indefinite duration, the terms and conditions should still be clear to both parties to avoid misunderstandings.

While certain legal requirements may exist in various jurisdictions regarding leases, the fundamental principle is that landlord and tenant can agree to an indefinite term. Local laws may impose additional restrictions or requirements, but the foundational premise of mutual agreement holds true across most legal frameworks. Thus, the statement accurately reflects a key aspect of lease agreements in real estate law.