3. Writing Requirements, Leases. A transaction intended to create a lease of real estate for more than three years shall not be enforceable unless:
a. the leased premises, the term of the lease and the identity of the lessor and the lessee are established in a writing signed by or on behalf of the party against whom enforcement is sought; or
b. the real estate, the term of the lease and the identity of the lessor and the lessee are proved by clear and convincing evidence. Source: R.S.25:1-1, 25:1-5(d).