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In the context of lease agreements, adequate consideration refers to what is exchanged between the parties involved, typically in the form of rent or other compensatory benefits. Payment for leasing office space directly exemplifies this exchange. When a tenant provides payment, it is a clear indication of consideration, fulfilling a critical requirement for the lease agreement to be valid.

The notion of consideration in a lease isn't merely about the amount of rent but about the existence of a reciprocal obligation that the contract is built upon. The rent payment reflects the tenant's commitment to occupy the space, while the landlord agrees to provide that space in return. This mutual exchange solidifies the contract’s enforceability.

While other options touch on aspects of a lease, they do not directly represent the fundamental principle of consideration. For instance, rent lower than the previous year does not necessarily indicate that adequate consideration is present; it may simply reflect market conditions or negotiations. Standard market rate for similar spaces pertains more to market conditions rather than the specific consideration for a particular lease. The prior leasing terms of the same space might provide context or precedent, but they do not directly constitute an exchange in the context of the current lease agreement. Thus, the payment for leasing office space is the clearest indicator of adequate consideration supporting