Which of the following is true about prelease agreements?

The statement regarding prelease agreements that is accurate is that they must provide lease terms required by law. This is essential because prelease agreements act as frameworks for the lease terms and conditions that must be upfront and clear to the consumer. These terms include information about fees, total mileage, maintenance responsibilities, and other key details that ensure the customer understands the obligations involved in the lease.

Legal requirements exist to protect consumers and ensure transparency, meaning all pertinent lease terms must be disclosed in the prelease agreement. Failure to do so could render the agreement unenforceable or lead to legal repercussions for the dealership.

The other options suggest various conditions about prelease agreements, but they do not align with legal standards or practices. For example, prelease agreements typically do require customer signatures to affirm their acceptance of the terms; notarized signatures are not a standard requirement. Immediate vehicle delivery is also not guaranteed under a prelease agreement, as these agreements primarily outline the terms rather than the timing of delivery.